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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PHARMANIAGA BERHAD ("PHARMANIAGA" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 144,122,952 NEW ORDINARY SHARES IN PHARMANIAGA REPRESENTING APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PHARMANIAGA TO LEMBAGA TABUNG ANGKATAN TENTERA ("LTAT") AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT II")

PHARMANIAGA BERHAD

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

PROPOSED PRIVATE PLACEMENT OF UP TO 144,122,952 NEW ORDINARY SHARES IN PHARMANIAGA REPRESENTING APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PHARMANIAGA TO LEMBAGA TABUNG ANGKATAN TENTERA ("LTAT") AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT II")

Unless otherwise defined, capitalised terms used in this announcement shall carry the same meanings as those given to them in the announcements dated 21 July 2023, 24 July 2023, 27 July 2023 and 1 August 2023 (“Announcements”).

We refer to the Announcements in relation to the Proposed Private Placement II.

On behalf of the Board, MIDF Investment wishes to announce that Bursa Securities has vide its letter dated 13 September 2023, informed that after taking into consideration the relevant facts and circumstances, Bursa Securities has dismissed the appeal submitted by Pharmaniaga on 1 August 2023 to undertake the Proposed Private Placement II.

In light of the above, Pharmaniaga would consider to include the private placement exercise to be undertaken as part of regularisation plan pursuant to Paragraph 8.04(3) of the Main Market Listing Requirements of Bursa Securities.

This announcement is dated 14 September 2023.






Announcement Info

Company Name PHARMANIAGA BERHAD
Stock Name PHARMA
Date Announced 14 Sep 2023
Category General Announcement for PLC
Reference Number GA1-14092023-00030



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