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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING UNITRADE INDUSTRIES BERHAD ("UIB OR COMPANY") PRIVATE PLACEMENT OF UP TO 156,250,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING NOT MORE THAN 10.0% OF THE TOTAL NUMBER OF ISSUED ORDINARY SHARES IN UIB ("PRIVATE PLACEMENT")

UNITRADE INDUSTRIES BERHAD

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

PRIVATE PLACEMENT OF UP TO 156,250,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING NOT MORE THAN 10.0% OF THE TOTAL NUMBER OF ISSUED ORDINARY SHARES IN UIB ("PRIVATE PLACEMENT")

Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the previous announcements in relation to the Private Placement.

 

On behalf of the Board, M & A Securities is pleased to announce that the Board has on 10 May 2024 fixed the issue price at RM0.27 per Placement Share to be issued pursuant to the Private Placement.

 

The aforementioned issue price of RM0.27 per Placement Share represents a discount of approximately 7.7% or RM0.0225 to the 5D-VWAMP of UIB Shares from 3 May 2024 to 9 May 2024 of approximately RM0.2925 per UIB Share.

 

This announcement is dated 10 May 2024.






Announcement Info

Company Name UNITRADE INDUSTRIES BERHAD
Stock Name UNITRAD
Date Announced 10 May 2024
Category General Announcement for PLC
Reference Number GA1-10052024-00048



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