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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING AURO HOLDINGS BERHAD (FORMERLY KNOWN AS NWP HOLDINGS BERHAD) ("AURO" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF AURO ("PRIVATE PLACEMENT")

AURO HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
AURO HOLDINGS BERHAD (FORMERLY KNOWN AS NWP HOLDINGS BERHAD) ("AURO" OR THE "COMPANY")

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

Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Private Placement.

We refer to the earlier announcements dated 8 February 2024, 21 February 2024 and 23 February 2024 in relation to the Private Placement.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 14 March 2024, resolved to approve the listing of and quotation for up to 57,904,060 Placement Shares to be issued pursuant to the Private Placement, subject to the following conditions:-

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

ii. UOBKH to inform Bursa Securities upon the completion of the Private Placement;

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

iv. Auro to make quarterly updates via Bursa LINK (simultaneous with the submission of Quarterly Report) on the following:-

    a) The status on each of the event or purpose for which the total proceeds raised from the Private Placement are utilized for, including but not limited to, the status of the expansion of the food and beverage ("F&B") business, including the commencement date of operations of the new stores;

    b) Where relevant, details on where the balance of proceeds raised is being placed (pending utilization). If it is parked with asset management company/ fund manager, to disclose the name of the asset management company/ fund manager;

    c) The summary of placement shares issued and allotted as follows:-

        1. Date of price fixing and issuance date of placement shares (each tranche);

        2. Quantity of placement shares issued and allotted;

        3. Issue price and basis in arriving at (each tranche); and

        4. Aggregate number of placement shares issued and allotted as at the end of each quarter.

 

This announcement is dated 15 March 2024.






Announcement Info

Company Name AURO HOLDINGS BERHAD
Stock Name AURO
Date Announced 15 Mar 2024
Category General Announcement for PLC
Reference Number GA1-15032024-00026



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