Date : 16 July 2024

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BINASAT COMMUNICATIONS BERHAD ("BINASAT" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 58,244,300 NEW ORDINARY SHARES IN BINASAT ("BINASAT SHARE(S)" OR "SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")

BINASAT COMMUNICATIONS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description 
BINASAT COMMUNICATIONS BERHAD ("BINASAT" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 58,244,300 NEW ORDINARY SHARES IN BINASAT ("BINASAT SHARE(S)" OR "SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PRIVATE PLACEMENT")
 
We refer to the announcements dated 21 November 2023, 27 November 2023, 30 January 2024, 2 February 2024, 14 May 2024, 27 May 2024, 14 June 2024 and 27 June 2024 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the Company had on 16 July 2024 submitted an application to Bursa Securities for an extension of time up to 30 January 2025 for the Company to complete the implementation of the Private Placement.

This announcement is dated 16 July 2024.



Announcement Info

Company Name BINASAT COMMUNICATIONS BERHAD
Stock Name BINACOM
Date Announced 16 Jul 2024
Category General Announcement for PLC
Reference Number GA1-15072024-00017


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