LYC

0.185

+0.005 (+2.8%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING LYC HEALTHCARE BERHAD ("LYC" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 32,486,400 NEW ORDINARY SHARES IN LYC ("LYC SHARE(S)" OR "SHARE(S)"), REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF LYC ("PROPOSED PRIVATE PLACEMENT")

LYC HEALTHCARE BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
LYC HEALTHCARE BERHAD ("LYC" OR "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 32,486,400 NEW ORDINARY SHARES IN LYC ("LYC SHARE(S)" OR "SHARE(S)"), REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF LYC ("PROPOSED PRIVATE PLACEMENT")

(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 5 August 2019, 6 August 2019 and 14 August 2019 in relation to the Proposed Private Placement (“Announcements”))

 

We refer to the Announcements in relation to the Proposed Private Placement.

 

On behalf of the Board, AIBB wishes to announce that Bursa Securities had, through its letter dated 15 August 2019, approved the listing of and quotation for up to 32,486,400 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:-

 

(i) LYC and AIBB must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Private Placement;

 

(ii) LYC and AIBB to inform Bursa Securities upon the completion of the Proposed Private Placement;

 

(iii) LYC to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and

 

(iv) LYC to furnish Bursa Securities with a certified true copy of the resolution passed pursuant to Section 75 and 76 of the Companies Act, 2016, in the event the current authority has expired.

 

This announcement is dated 15 August 2019.






Announcement Info

Company Name LYC HEALTHCARE BERHAD
Stock Name LYC
Date Announced 15 Aug 2019
Category General Announcement for PLC
Reference Number GA1-15082019-00042