News

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

BackFeb 26, 2018
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

SCANWOLF CORPORATION BERHAD ("SCANWOLF" OR THE "COMPANY") 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) ("PRIVATE PLACEMENT")

We refer to the announcements made on 21 December 2017, 22 December 2017 and 4 January 2018 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of Scanwolf, TA Securities wishes to announce that the Board has on 26 February 2018 fixed the issue price for 8,675,300 Placement Shares at RM0.25 per Placement Share (“Issue Price”).

The Issue Price represents a discount of approximately RM0.0250 or 9.09% to the 5-day volume weighted average market price of Scanwolf Shares up to and including 23 February 2018 of RM0.2750 per Scanwolf Share.

This announcement is dated 26 February 2018.





Announcement Info

Company Name SCANWOLF CORPORATION BERHAD
Stock Name SCNWOLF
Date Announced 26 Feb 2018
Category General Announcement for PLC
Reference Number GA1-26022018-00106

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