Investor Relations

Bursa Announcements

Date : 26 November 2020

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES EASTLAND EQUITY BHD. ("EASTLAND" OR THE "COMPANY") PROPOSED SETTLEMENT OF RM10.99 MILLION DEBTS OWING TO LEE CHEE KIANG, ITS MANAGING DIRECTOR, VIA THE ISSUANCE OF 104,966,571 NEW ORDINARY SHARES IN EASTLAND ("SETTLEMENT SHARES") AT AN ISSUE PRICE OF RM0.1047 PER SETTLEMENT SHARE ("PROPOSED DEBT SETTLEMENT")

EASTLAND EQUITY BHD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
EASTLAND EQUITY BHD. ("EASTLAND" OR THE "COMPANY")

PROPOSED SETTLEMENT OF RM10.99 MILLION DEBTS OWING TO LEE CHEE KIANG, ITS MANAGING DIRECTOR, VIA THE ISSUANCE OF 104,966,571 NEW ORDINARY SHARES IN EASTLAND ("SETTLEMENT SHARES") AT AN ISSUE PRICE OF RM0.1047 PER SETTLEMENT SHARE ("PROPOSED DEBT SETTLEMENT")

This announcement is dated 26 November 2020.

 

On behalf of the Board of Directors of Eastland (Board), AmInvestment Bank Berhad (AmInvestment Bank) wishes to announce that Eastland is proposing to undertake a proposed settlement of RM10.99 million debts owing to Lee Chee Kiang, its Managing Director, via the issuance of 104,966,571 new ordinary shares in Eastland (Eastland Shares or Shares) at an issue price of RM0.1047 per Settlement Share.

 

Please refer to the attachment for further details on the Proposed Debt Settlement.

 




Please refer attachment below.



Announcement Info

Company Name EASTLAND EQUITY BHD
Stock Name EASTLND
Date Announced 26 Nov 2020
Category General Announcement for PLC
Reference Number GA1-26112020-00081


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