EMICO

0.330

+0.005 (+1.5%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING EMICO HOLDINGS BERHAD ("EMICO" OR "COMPANY") PROPOSED PRIVATE PLACEMENT

EMICO HOLDINGS BERHAD

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

PROPOSED PRIVATE PLACEMENT

We refer to the announcements dated 13 May 2024, 15 May 2024 and 17 May 2024 (“Announcements”).

 

(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

 

On behalf of the Board, Affin Hwang IB is pleased to announce that Bursa Securities had vide its letter dated 23 May 2024, resolved to approve the listing of and quotation for up to 13,444,802 Placement Shares to be issued pursuant to the Proposed Private Placement, subject to the following conditions:

  1. Emico and Affin Hwang IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;
     
  2. Affin Hwang IB is required to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before the listing of the new shares to be issued pursuant to the Proposed Private Placement;
     
  3. in the event the Proposed Private Placement is not completed before the next Annual General Meeting (“AGM”), Emico is required to furnish Bursa Securities a certified true copy of the resolution passed by the Company’s shareholders for a general mandate under Section 76 of the Companies Act 2016 at Emico’s forthcoming AGM before the issuance of the new shares to be issued pursuant to the Proposed Private Placement;
     
  4. Emico and Affin Hwang IB are required to inform Bursa Securities upon the completion of the Proposed Private Placement; and
     
  5. Emico is required 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.
     

This announcement is dated 23 May 2024.






Announcement Info

Company Name EMICO HOLDINGS BERHAD
Stock Name EMICO
Date Announced 23 May 2024
Category General Announcement for PLC
Reference Number GA1-23052024-00060