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JADI

0.115

(%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING JADI IMAGING HOLDINGS BERHAD ("JADI" OR THE "COMPANY") PROPOSED SUBSCRIPTION BY STATIC CONTROL HOLDINGS LIMITED OF 94,170,040 NEW ORDINARY SHARES IN JADI ("SUBSCRIPTION SHARE(S)"), REPRESENTING 10.0% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF JADI (EXCLUDING TREASURY SHARES), AT AN ISSUE PRICE OF APPROXIMATELY RM0.13 PER SUBSCRIPTION SHARE ("PROPOSED SUBSCRIPTION")

JADI IMAGING HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
JADI IMAGING HOLDINGS BERHAD ("JADI" OR THE "COMPANY")

PROPOSED SUBSCRIPTION BY STATIC CONTROL HOLDINGS LIMITED OF 94,170,040 NEW ORDINARY SHARES IN JADI ("SUBSCRIPTION SHARE(S)"), REPRESENTING 10.0% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF JADI (EXCLUDING TREASURY SHARES), AT AN ISSUE PRICE OF APPROXIMATELY RM0.13 PER SUBSCRIPTION SHARE ("PROPOSED SUBSCRIPTION")

On behalf of the Board of Directors of JADI, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that Company had on 13 August 2019 entered into a subscription agreement with Static Control Holdings Limited (“SCC” or “Subscriber”) for the proposed subscription by SCC of 94,170,040 Subscription Shares, representing 10% of the existing total number of issued shares of JADI (excluding treasury shares), for a total cash consideration of approximately RM12,195,381 which is equivalent to an issue price of approximately RM0.13 per Subscription Share.

 

Further details on the Proposed Subscription are set out in the attachment below.

 

 

This announcement is dated 13 August 2019.




Please refer attachment below.



Announcement Info

Company Name JADI IMAGING HOLDINGS BERHAD
Stock Name JADI
Date Announced 13 Aug 2019
Category General Announcement for PLC
Reference Number GA1-13082019-00101