NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 167,157,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 20% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED AND AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT")
BARAKAH OFFSHORE PETROLEUM BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 167,157,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 20% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED AND AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT") |
On behalf of the Board of Directors of the Company, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake a private placement of up to 167,157,000 new ordinary shares in the Company (“Barakah Shares” or “Shares”), representing 20% of the existing total number of issued Shares, to independent third party investor(s) to be identified later and at an issue price to be determined later (“Proposed Private Placement”).
Please refer to the attachment for further details on the Proposed Private Placement.
This announcement is dated 14 April 2021. |
Please refer attachment below.
Announcement Info
Company Name | BARAKAH OFFSHORE PETROLEUM BERHAD |
Stock Name | BARAKAH |
Date Announced | 14 Apr 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-14042021-00090 |