NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 19,895,500 NEW ORDINARY SHARES IN SAUDEE, REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF SAUDEE (EXCLUDING TREASURY SHARES), TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER

SAUDEE GROUP BERHAD

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

PROPOSED PRIVATE PLACEMENT OF UP TO 19,895,500 NEW ORDINARY SHARES IN SAUDEE, REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF SAUDEE (EXCLUDING TREASURY SHARES), TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER

On behalf of the Board of Directors of Saudee (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that the Company proposes to undertake a private placement of up to 19,895,500 new ordinary shares in Saudee (“Saudee Shares” or “Shares”), representing up to approximately 10% of the total number of issued Saudee Shares (excluding treasury shares), to independent third party investor(s) to be identified later at an issue price to be determined later (“Placement Shares”)(“Proposed Private Placement”).

 

Please refer to the attachment for further details on the Proposed Private Placement.

 

This announcement is dated 17 August 2020.




Please refer attachment below.



Announcement Info

Company Name SAUDEE GROUP BERHAD
Stock Name SAUDEE
Date Announced 17 Aug 2020
Category General Announcement for PLC
Reference Number GA1-17082020-00092