Investor Relations

Bursa Announcements

Date : 04 June 2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING EASTLAND EQUITY BHD ("EASTLAND" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED PRIVATE PLACEMENT")

EASTLAND EQUITY BHD

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

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED PRIVATE PLACEMENT")

Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the earlier announcements dated 18 May 2021 and 28 May 2021 in relation to the Proposed Private Placement.

 

On behalf of the Board, Malacca Securities wishes to announce that Bursa Securities had vide its letter dated 3 June 2021 resolved to approve the listing and quotation of up to 32,428,157 Placement Shares to be issued pursuant to the Proposed Private Placement.

 

The approval by Bursa Securities for the listing of the Placement Shares is subject to the following conditions:

 

(1) Eastland and Malacca Securities must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities ("LR") pertaining to the implementation of the Proposed Private Placement;

 

(2) Eastland and Malacca Securities are required to inform Bursa Securities upon completion of the Proposed Private Placement; 

 

(3)  Malacca Securities is required to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securitiesí approval once the Proposed Private Placement is completed; 

 

(4) Eastland to furnish Bursa Securities with a certified true copy of the resolution passed pursuant to Sections 75 and 76 of the Companies Act 2016, in the event the current authority has expired; and 

 

(5) Malacca Securities is required to furnish Bursa Securities with details of the placees in accordance with paragraph 6.15 of the LR as soon as practicable after each tranche of placement and before the listing of the new shares to be issued pursuant to the Proposed Private Placement. 

 

This announcement is dated 4 June 2021.






Announcement Info

Company Name EASTLAND EQUITY BHD
Stock Name EASTLND
Date Announced 04 Jun 2021
Category General Announcement for PLC
Reference Number GA1-04062021-00026


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