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

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
AMALGAMATED INDUSTRIAL STEEL BERHAD ("AISB" OR "COMPANY")

PROPOSED PRIVATE PLACEMENT

We refer to the Company’s announcements dated 28 April 2017, 2 May 2017, 19 May 2017, 23 May 2017 and 5 June 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 final tranche Placement Share to be issued pursuant to the Proposed Private Placement.

The aforementioned issue price of RM0.51 per final tranche Placement Share represents a discount of approximately 2.71% or RM0.0142 from the five (5)-day volume-weighted average market price of AISB Shares from 30 May 2017 to 5 June 2017 of approximately RM0.5242 per AISB Share.

This announcement is dated 6 June 2017.






Announcement Info

Company Name AMALGAMATED INDUSTRIAL STEEL BERHAD
Stock Name AISB
Date Announced 06 Jun 2017
Category General Announcement for PLC
Reference Number GA1-06062017-00014