NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HO WAH GENTING BERHAD ("HWGB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN HWGB ("PROPOSED PRIVATE PLACEMENT")
| HO WAH GENTING BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | HO WAH GENTING BERHAD ("HWGB" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN HWGB ("PROPOSED PRIVATE PLACEMENT") |
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Unless otherwise defined, the definitions set out in the announcements in relation to the Proposed Private Placement shall apply herein.
Reference is made to the announcement dated 5 May 2025 in relation to the Proposed Private Placement, whereby the Company had on the even date submitted the additional listing application for new HWGB Shares to be issued pursuant to the Proposed Private Placement to Bursa Securities (“ALA”).
On behalf of the Board, M & A Securities wishes to announce that the Board of Directors of the Company has resolved to abort the Proposed Private Placement in view of the ordinary resolution for the authority to allot shares pursuant to Sections 75 and 76 of the Companies Act (“Act”) not being passed at the AGM held on 23 May 2025.
In view of the above, the Company will submit an application to Bursa Securities for the withdrawal of the ALA.
This announcement is dated 23 May 2025. |
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Announcement Info
| Company Name | HO WAH GENTING BERHAD |
| Stock Name | HWGB |
| Date Announced | 23 May 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23052025-00069 |