NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING KERJAYA PROSPEK PROPERTY BERHAD (“KPPROP” OR “COMPANY”) PROPOSED RIGHTS ISSUE OF RCULS
| KERJAYA PROSPEK PROPERTY BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | KERJAYA PROSPEK PROPERTY BERHAD (“KPPROP” OR “COMPANY”) PROPOSED RIGHTS ISSUE OF RCULS |
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(Unless otherwise defined, all the abbreviations and definitions used in this Announcement shall have the same meaning as those defined in the Company’s announcement in relation to the Proposed Rights Issue of RCULS dated 5 March 2025.)
On behalf of the Board, Maybank IB wishes to announce that the Board has resolved not to proceed with the Proposed Rights Issue of RCULS in its current form after taking into consideration the maximum limit of new KPPROP Shares that can be issued from the exercise of convertible securities pursuant to Paragraph 6.50 of the Listing Requirements ("Para 6.50").
The Board may consider other form of fund-raising proposals (which may still include the issuance of redeemable convertible loan stocks in the manner which is in compliance with Para 6.50) and if required, will make the necessary announcement(s) in accordance with the Listing Requirements.
This Announcement is dated 14 March 2025. |
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Announcement Info
| Company Name | KERJAYA PROSPEK PROPERTY BERHAD |
| Stock Name | KPPROP |
| Date Announced | 14 Mar 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-14032025-00011 |