NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MELEWAR INDUSTRIAL GROUP BERHAD ("MIGB" OR "COMPANY") -RIGHTS ISSUE WITH WARRANTS
| MELEWAR INDUSTRIAL GROUP BERHAD |
| Type | Announcement | ||||||||||||||||||
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING | ||||||||||||||||||
| Description | MELEWAR INDUSTRIAL GROUP BERHAD ("MIGB" OR "COMPANY")
-RIGHTS ISSUE WITH WARRANTS
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We refer to the Company’s announcements dated 23 August 2017, 10, 17 October 2017, 4, 18, 22 December 2017, 26 January 2018, 19 February 2018, 5, 12 April 2018, 31 May 2018, 13, 28, 29 June 2018 and 9, 10, 25 July 2018 in relation to the Rights Issue with Warrants (“Announcement(s)”).
Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the Announcements.
On behalf of the Board, TA Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue with Warrants at 5.00 p.m. on 9 August 2018 (“Closing Date”), the Company had received valid acceptances and excess applications for a total of 133,894,895 Rights Shares, representing a subscription rate of 59.37% over the total number of Rights Shares available for subscription under the Rights Issue with Warrants.
The details of valid acceptances and excess applications received as at the Closing Date are as follows:
The Board also noted that notwithstanding the under-subscription for the Rights Issue with Warrants, the Company has achieved the minimum subscription level whereby the Company has raised minimum gross proceeds of RM11,500,000.
In view that the Rights Issue with Warrants have not been fully subscribed for, the Board has decided to allot the Rights Issue with Warrants to all the entitled shareholders and/or their renouncee(s) and/or transferee(s) who have applied for the excess Rights Issue with Warrants in full.
The Rights Shares with Warrants are expected to be listed and quoted on the Main Market of Bursa Securities on 24 August 2018.
This announcement is dated 16 August 2018.
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Announcement Info
| Company Name | MELEWAR INDUSTRIAL GROUP BERHAD |
| Stock Name | MELEWAR |
| Date Announced | 16 Aug 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16082018-00050 |
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