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") |
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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.
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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 |
