NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING CN ASIA CORPORATION BHD ("CN ASIA" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES IN CN ASIA (EXCLUDING TREASURY SHARES, IF ANY) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PRIVATE PLACEMENT")
| CN ASIA CORPORATION BHD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | CN ASIA CORPORATION BHD ("CN ASIA" OR "COMPANY")
PRIVATE PLACEMENT OF UP TO 10% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES IN CN ASIA (EXCLUDING TREASURY SHARES, IF ANY) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PRIVATE PLACEMENT") |
We refer to the announcements dated 15 July 2024, 16 July 2024, 24 July 2024, 12 August 2024, 27 August 2024, 3 September 2024, 11 September 2024 and 20 September 2024 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein. On behalf of the Board, TA Securities wishes to announce that the Board has on 21 February 2025 (“Price-fixing Date”), resolved to fix the issue price at RM0.0560 per Placement Share (“Issue Price”). The Issue Price represents a discount of RM0.0059 or approximately 9.53% to the 5D-VWAP of CN Asia Share up to and including 20 February 2025, being the last market day immediately preceding the Price-fixing Date, of RM0.0619 per CN Asia Share. This announcement is dated 21 February 2025. |
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Announcement Info
| Company Name | CN ASIA CORPORATION BHD |
| Stock Name | CNASIA |
| Date Announced | 21 Feb 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21022025-00049 |