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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING STRAITS ENERGY RESOURCES BERHAD ("STRAITS" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF STRAITS ("PROPOSED PRIVATE PLACEMENT")

STRAITS ENERGY RESOURCES BERHAD

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

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF STRAITS ("PROPOSED PRIVATE PLACEMENT")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposed Private Placement.

We refer to the earlier announcements dated 20 October 2023 and 6 November 2023 in relation to the Proposed Private Placement.

On behalf of the Board, UOBKH wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 20 November 2023 ("Approval Letter"), resolved to approve the listing and quotation for up to 94,214,279 Placement Shares to be issued pursuant to the Proposed Private Placement.

The above approval by Bursa Securities is subject to the following conditions:-

i.          Straits and UOBKH must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Private Placement;

ii.          Straits and UOBKH are required to inform Bursa Securities upon completion of the Proposed Private Placement; and

iii.         Straits is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Private Placement is completed.

 

This announcement is dated 20 November 2023.






Announcement Info

Company Name STRAITS ENERGY RESOURCES BERHAD
Stock Name STRAITS
Date Announced 20 Nov 2023
Category General Announcement for PLC
Reference Number GA1-20112023-00069



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