General Announcement for PLC

07/12/2020

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

KANGER INTERNATIONAL BERHAD

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

PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF KANGER ("PRIVATE PLACEMENT")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Private Placement.

Reference is made to the announcements dated 13 October 2020, 21 October 2020, 9 November 2020, 10 November 2020, 17 November 2020, 18 November 2020, 20 November 2020, 24 November 2020, 25 November 2020 and 26 November 2020 in relation to the Private Placement.

On behalf of the Board, UOBKH wishes to announce that the Board had on 7 December 2020 resolved to fix the issue price for the 3rd tranche of the Private Placement at RM0.1593 per Placement Share.

The issue price of RM0.1593 per Placement Share represents a discount of approximately 9.95% to the 5-day VWAP of Kanger Shares up to and including 4 December 2020, being the last traded day of Kanger Shares immediately preceding the price-fixing date of RM0.1769 per Kanger Share.

 

This announcement is dated 7 December 2020.






Announcement Info

Company Name KANGER INTERNATIONAL BERHAD
Stock Name KANGER
Date Announced 07 Dec 2020
Category General Announcement for PLC
Reference Number GA1-07122020-00082


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