General Announcement for PLC

18/09/2020

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SEDANIA INNOVATOR BERHAD ("SIB" OR "THE COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES IN SIB ("PROPOSED PRIVATE PLACEMENT")

SEDANIA INNOVATOR BERHAD

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

PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES IN SIB ("PROPOSED PRIVATE PLACEMENT")

On behalf of the Board of Directors of SIB (“Board”), M&A Securities Sdn Bhd wishes to announce that the Company proposes to undertake a private placement of up to 58,033,400 new ordinary shares in SIB, representing up to 20% of the total number of issued shares of the Company, to investors to be identified later and at an issue price to be determined by the Board and announced later.

 

Further details of the Proposed Private Placement are as attached.

 

This announcement is dated 18 September 2020.


Please refer attachment below.


Announcement Info

Company Name SEDANIA INNOVATOR BERHAD
Stock Name SEDANIA
Date Announced 18 Sep 2020
Category General Announcement for PLC
Reference Number GA1-18092020-00016


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