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MULTIPLE PROPOSALS YGL CONVERGENCE BERHAD ("YGL" OR "COMPANY") (I) PRIVATE PLACEMENT; AND (II) CAPITAL REDUCTION, COLLECTIVELY REFERRED TO AS THE "PROPOSALS".

YGL CONVERGENCE BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
YGL CONVERGENCE BERHAD ("YGL" OR "COMPANY")

(I)	PRIVATE PLACEMENT; AND

(II)	CAPITAL REDUCTION,

COLLECTIVELY REFERRED TO AS THE "PROPOSALS".

(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 22 May 2023, 13 June 2023, 3 July 2023, 24 July 2023, 28 July 2023, 31 July 2023, 29 August 2023, 6 November 2023 and 16 November 2023 in relation to the Proposals (“Announcements”).)

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

On behalf of the Board of Directors of Ygl, Alliance Islamic Bank Berhad wishes to announce that the first (1st) tranche of the Private Placement has been completed following the listing of and quotation for the 16,200,000 Placement Shares on the ACE Market of Bursa Malaysia Securities Berhad today.

This announcement is dated 17 November 2023.






Announcement Info

Company Name YGL CONVERGENCE BERHAD
Stock Name YGL
Date Announced 17 Nov 2023
Category General Announcement for PLC
Reference Number GA1-14112023-00013



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