REVENUE

0.185

-0.005 (-2.6%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING REVENUE GROUP BERHAD ("REVENUE" OR THE "COMPANY") PRIVATE PLACEMENT

REVENUE GROUP BERHAD

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

PRIVATE PLACEMENT

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 7 June 2023 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

Reference is made to the announcements dated 7 June 2023, 13 June 2023, 19 June 2023 and 5 December 2023 in relation to the Private Placement.

On behalf of the Board, TA Securities is pleased to announce that Bursa Securities had, vide its letter dated 5 December 2023, approved the listing and quotation of up to 53,321,600 Placement Shares to be issued pursuant to the Private Placement.

The approval by Bursa Securities for the above is subject to, amongst others, the following conditions:

(i)         the Private Placement can only be implemented upon the issuance of the audited financial statements of Revenue Group for the 15-month FPE 30 September 2023;

(ii)         appointment of a monitoring accountant to oversee the outgoing payments towards which the proceeds from the Private Placement will be utilised;

(iii)        TA Securities and Revenue must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Private Placement;

(iv)        TA Securities to inform Bursa Securities upon the completion of the Private Placement; and

(v)        TA Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Private Placement is completed.

This announcement is dated 5 December 2023.






Announcement Info

Company Name REVENUE GROUP BERHAD
Stock Name REVENUE
Date Announced 05 Dec 2023
Category General Announcement for PLC
Reference Number GA1-05122023-00064