NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY") 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 ("PRIVATE PLACEMENT")

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")

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 ("PRIVATE PLACEMENT")

(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 Private Placement (“First Announcement”), where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the announcements dated 17 August 2020, 19 August 2020, 21 August 2020, 24 August 2020, 3 September 2020 and 4 September 2020 in relation to the Private Placement.

 

On behalf of the Board, Mercury Securities wishes to announce that the Private Placement is deemed completed following the listing and quotation of 14,637,000 Placement Shares on the Main Market of Bursa Securities on 7 September 2020.

 

This announcement is dated 7 September 2020.






Announcement Info

Company Name SAUDEE GROUP BERHAD
Stock Name SAUDEE
Date Announced 07 Sep 2020
Category General Announcement for PLC
Reference Number GA1-07092020-00110