News

New Issue Of Securities (Chapter 6 Of Listing Requirements) : Fund Raising

BackJan 04, 2018
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

SCANWOLF CORPORATION BERHAD ("SCANWOLF" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN SCANWOLF, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF SCANWOLF (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")

We refer to the announcements made on 21 December 2017 and 22 December 2017 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 4 January 2018, approved the listing of and quotation for up to 8,753,400 Placement Shares subject to the following conditions:

(i)   Scanwolf and TA Securities must fully comply with the relevant provisions under the Main Market Listing Requirements (“LR”) pertaining to the implementation of the Proposed Private Placement;

(ii)  Scanwolf and TA Securities to inform Bursa Securities upon the completion of the Proposed Private Placement;

(iii) Scanwolf 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) TA Securities to furnish Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the LR for their review, prior to the issuance/ allotment of the Placement Shares.

This announcement is dated 4 January 2018.





Announcement Info

Company Name SCANWOLF CORPORATION BERHAD
Stock Name SCNWOLF
Date Announced 04 Jan 2018
Category General Announcement for PLC
Reference Number GA1-04012018-00068

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