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

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 17 August 2020 in relation to the Proposed Private Placement (“First Announcement”), where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the First Announcement dated 17 August 2020 in relation to the Proposed Private Placement.

 

On behalf of the Board, Mercury Securities wishes to announce additional information in relation to the Proposed Private Placement as set out in the attachment below.

 

This announcement is dated 19 August 2020.




Please refer attachment below.



Announcement Info

Company Name SAUDEE GROUP BERHAD
Stock Name SAUDEE
Date Announced 19 Aug 2020
Category General Announcement for PLC
Reference Number GA1-19082020-00086