OTHERS PLACEMENT OF SHARES BY MAJOR SHAREHOLDER

UNISEM (M) BERHAD

Type Announcement
Subject OTHERS
Description
PLACEMENT OF SHARES BY MAJOR SHAREHOLDER

The Company received notice dated 13 July 2015 from Mr John Chia Sin Tet, the Chairman/Group Managing Director and major shareholder, that Jayvest Holdings Sdn Bhd, a company which he is deemed interested under Section 6A(4) of the Companies Act 1965, has on Friday, 10 July 2015 successfully placed out 15 million ordinary shares of RM0.50 each in the Company, representing approximately 2.16% of the total issued shares, to an institutional investor.

Jayvest Holdings Sdn Bhd intends to utilise the proceeds from the placement of shares for the exercise and conversion of its warrants into ordinary shares in the Company within the next few weeks. 






Announcement Info

Company Name UNISEM (M) BERHAD
Stock Name UNISEM
Date Announced 13 Jul 2015
Category General Announcement for PLC
Reference Number GA1-13072015-00023