NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING KINERGY ADVANCEMENT BERHAD (“KAB” OR THE “COMPANY”) PRIVATE PLACEMENT OF UP TO 198,634,288 NEW ORDINARY SHARES IN KAB (“KAB SHARES” OR “SHARES”), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT, 2016 (“PRIVATE PLACEMENT”)
| KINERGY ADVANCEMENT BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | KINERGY ADVANCEMENT BERHAD (“KAB” OR THE “COMPANY”) PRIVATE PLACEMENT OF UP TO 198,634,288 NEW ORDINARY SHARES IN KAB (“KAB SHARES” OR “SHARES”), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT, 2016 (“PRIVATE PLACEMENT”) |
Reference is made to the Company’s earlier announcement dated 20 June 2024, 21 June 2024, 27 June 2024, 12 July 2024, 19 July 2024, 27 November 2024, 5 December 2024, 6 December 2024, 13 December, 20 December 2024, 23 December 2024 and 10 January 2025 in relation to the Private Placement (“Earlier Announcements”). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements. KAB is required to do quarterly updates via Bursa LINK (simultaneous with the submission of Quarterly Report) on the issuance of placement of shares. Further details are set in the attachment below. This announcement is dated 28 February 2025. Please refer attachment below. |
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Please refer attachment below.
Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 28 Feb 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27022025-00075 |