NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING KERJAYA PROSPEK PROPERTY BERHAD (“KPPROP” OR “COMPANY”) (I) PROPOSED RIGHTS ISSUE OF SHARES; AND (II) PROPOSED RIGHTS ISSUE OF RCULS (COLLECTIVELY REFERRED TO AS “PROPOSALS”)
| 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”) (I) PROPOSED RIGHTS ISSUE OF SHARES; AND (II) PROPOSED RIGHTS ISSUE OF RCULS (COLLECTIVELY REFERRED TO AS “PROPOSALS”) |
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On behalf of the Board of Directors of KPPROP, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that the Company proposes to undertake the following:
(I) proposed renounceable rights issue of 273,820,769 new ordinary shares in KPPROP (“KPPROP Share(s)”) (“Rights Shares”) at an issue price of RM0.20 per Rights Share on the basis of one (1) Rights Share for every two (2) existing KPPROP Shares held by the shareholders of KPPROP whose names appear in the Record of Depositors of the Company as at the close of business on an entitlement date to be determined and announced later by the Board (“Entitlement Date”) (“Entitled Shareholders”) (“Proposed Rights Issue of Shares”); and
(II) proposed renounceable rights issue of 410,731,154 8-year 4.2% redeemable convertible unsecured loan stocks in the Company (“RCULS”) at 100% of its nominal value of RM0.2250 each on the basis of three (3) RCULS for every four (4) existing KPPROP Shares held by the Entitled Shareholders on the Entitlement Date (“Proposed Rights Issue of RCULS”).
Please refer to the attachment for further details on the Proposals.
This announcement is dated 28 March 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | KERJAYA PROSPEK PROPERTY BERHAD |
| Stock Name | KPPROP |
| Date Announced | 28 Mar 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27032025-00065 |