On behalf of the Board of Directors of the Company, KAF Investment Bank Berhad wishes to announce that the listing application in relation to the Proposed Private Placement had been submitted to Bursa Malaysia Securities Berhad on 25 February 2021.
any one knows whats the meaning of listing application in relation to the PPP?
does it mean they have found a party to subscribe to the private placement?
On 29 March 2021, the Board has fixed the issue price for 10,700,000 Placement Shares at RM2.35 per Placement Share. Pursuant to Paragraph 6.13 of the Main Market Listing Requirements, the payment for the Placement Shares must be made by the placees within five (5) market days from the price-fixing date, i.e., by 5 April 2021 (“Payment Deadline”). As at the Payment Deadline, the payment for 4,250,000 Placement Shares out of the total 10,700,000 Placement Shares has not been received and hence, the Company has decided to proceed with the placement of 6,450,000 Placement Shares at RM2.35 per Placement Share, whilst the placement for the said 4,250,000 Placement Shares will lapse. Depending on the market conditions and the timing of identifying suitable placee(s), the Board shall fix the issue price for the remaining Placement Shares at a later date.
This announcement is dated 5 April 2021 --------------------------------------------------------------------------------------
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Flyinghorse
3,698 posts
Posted by Flyinghorse > 2021-02-18 14:00 | Report Abuse
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