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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING OCEANCASH PACIFIC BERHAD ("OCEANCASH" OR THE "COMPANY") PLACEMENT OF UP TO 24,500,000 NEW ORDINARY SHARES IN OCEANCASH ("PLACEMENT")

OCEANCASH PACIFIC BERHAD

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

PLACEMENT OF UP TO 24,500,000 NEW ORDINARY SHARES IN OCEANCASH ("PLACEMENT")

We refer to the announcements made on 1 September 2020, 3 September 2020 and 4 September 2020 in relation to the Proposed Placement (“Announcements”). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcements unless otherwise defined herein.

On behalf of the Board, Mercury Securities wishes to announce that all conditions precedent in relation to the Placement have been fulfilled on 17 September 2020 (“CP Fulfilment Date”). Following the CP Fulfilment Date, the Subscription Period has commenced on 17 September 2020.

Further, the Company had on 17 September 2020 received a Subscription Notice and the Subscription Payment Amount from Macquarie Bank for 1,250,000 Placement Shares at the issue price of RM0.711 per Placement Share. Accordingly, the Company had on the same date allotted and issued the Placement Shares to Macquarie Bank. The listing date for the Placement Shares is expected to be on 21 September 2020.

This announcement is dated 17 September 2020.






Announcement Info

Company Name OCEANCASH PACIFIC BERHAD
Stock Name OCNCASH
Date Announced 17 Sep 2020
Category General Announcement for PLC
Reference Number GA1-17092020-00015



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