NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HANDAL RESOURCES BERHAD ("HANDAL" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF HANDAL ("PROPOSED PRIVATE PLACEMENT")

HANDAL RESOURCES BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
HANDAL RESOURCES BERHAD ("HANDAL" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF HANDAL ("PROPOSED PRIVATE PLACEMENT")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposed Private Placement.

 

We refer to the earlier announcements dated 7 March 2019 and 13 March 2019 in relation to the Proposed Private Placement.

 

On behalf of the Board, UOBKH wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 15 March 2019, resolved to approve the listing and quotation of up to 16,000,000 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:-

 

i.          Handal and UOBKH 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.          Handal and UOBKH to inform Bursa Securities upon the completion of the Proposed Private Placement;

 

iii.         Handal 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.         Handal to furnish Bursa Securities with a certified true copy of the resolution passed pursuant to Sections 75 and 76 of the Companies Act 2016, in the event the current authority has expired.

 

 

This announcement is dated 15 March 2019.






Announcement Info

Company Name HANDAL RESOURCES BERHAD
Stock Name HANDAL
Date Announced 15 Mar 2019
Category General Announcement for PLC
Reference Number GA1-15032019-00077