NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES HO WAH GENTING BERHAD ("HWGB" OR THE "COMPANY") SETTLEMENT OF DEBT OWING TO CREDITORS OF HWGB TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES IN HWGB ("CREDITORS CAPITALISATION")

HO WAH GENTING BERHAD

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

SETTLEMENT OF DEBT OWING TO CREDITORS OF HWGB TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES IN HWGB ("CREDITORS CAPITALISATION")

Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in HWGB’s announcements dated 16 August 2019, 28 August 2019, 13 September 2019, 30 September 2019, 1 October 2019, 17 October 2019, 29 October 2019 and 31 October 2019 in relation to the Creditors Capitalisation ("Announcements").

 

On behalf of the Board, Kenanga IB wishes to announce that the Creditors Capitalisation has been completed following the listing of and quotation for 102,666,900 Settlement Shares at an issue price of RM0.0804 per Settlement Share on the Main Market of Bursa Securities on 1 November 2019.

 

This announcement is dated 1 November 2019.






Announcement Info

Company Name HO WAH GENTING BERHAD
Stock Name HWGB
Date Announced 01 Nov 2019
Category General Announcement for PLC
Reference Number GA1-01112019-00059