NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HO WAH GENTING BERHAD ("HWGB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 34,241,766 NEW ORDINARY SHARES OF HWGB ("HWGB SHARE(S)" OR "SHARE(S)") REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF HWGB ("PROPOSED PRIVATE PLACEMENT")

HO WAH GENTING BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
HO WAH GENTING BERHAD ("HWGB" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 34,241,766 NEW ORDINARY SHARES OF HWGB ("HWGB SHARE(S)" OR "SHARE(S)") REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF HWGB ("PROPOSED PRIVATE PLACEMENT")

Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in HWGB’s announcement dated 4 January 2019 in relation to the Proposed Private Placement (“Announcement”).

On behalf of the Board, Kenanga IB wishes to announce that Bursa Securities had, through its letter dated 16 January 2019, approved the listing of and quotation for up to 34,241,766 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:-

(i)         HWGB and Kenanga IB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Private Placement;

(ii)         HWGB and Kenanga IB to inform Bursa Securities upon the completion of the Proposed Private Placement;

(iii)        Kenanga IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and

(iv)        Payment of outstanding processing fee and additional listing fee based on the market value of the Placement Shares to be listed, if applicable. In this respect, the Company is required to furnish Bursa Securities a cheque drawn to the order of Bursa Malaysia Securities Berhad for the outstanding processing fee and listing fee together with a copy of the details of the computation of the amount of fees payable.

This announcement is dated 17 January 2019.
 






Announcement Info

Company Name HO WAH GENTING BERHAD
Stock Name HWGB
Date Announced 17 Jan 2019
Category General Announcement for PLC
Reference Number GA1-17012019-00043