NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING AMALGAMATED INDUSTRIAL STEEL BERHAD ("AISB" OR "COMPANY") PROPOSED PRIVATE PLACEMENT
|AMALGAMATED INDUSTRIAL STEEL BERHAD|
|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
AMALGAMATED INDUSTRIAL STEEL BERHAD ("AISB" OR "COMPANY") PROPOSED PRIVATE PLACEMENT
We refer to the Company’s announcements dated 28 April 2017, 2 May 2017 and 19 May 2017 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the abbreviations and definitions used in the Announcements shall apply herein.
On behalf of the Board of Directors of AISB, RHB Investment Bank is pleased to announce that the Company has fixed the issue price at RM0.51 per Placement Share to be issued pursuant to the Proposed Private Placement.
The aforementioned issue price of RM0.51 per Placement Share represents a discount of approximately 8.85% or RM0.0495 from the five (5)-day volume-weighted average market price of AISB Shares from 16 May 2017 to 22 May 2017 of approximately RM0.5595 per AISB Share.
This announcement is dated 23 May 2017.
|Company Name||AMALGAMATED INDUSTRIAL STEEL BERHAD|
|Date Announced||23 May 2017|
|Category||General Announcement for PLC|