General Announcement for PLC

16/02/2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING OVERSEA ENTERPRISE BERHAD ("OVERSEA" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 48,503,000 NEW ORDINARY SHARES IN OVERSEA ("SHARES") ("PLACEMENT SHARES"), REPRESENTING UP TO APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF OVERSEA ("PRIVATE PLACEMENT")

OVERSEA ENTERPRISE BERHAD

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

PRIVATE PLACEMENT OF UP TO 48,503,000 NEW ORDINARY SHARES IN OVERSEA ("SHARES") ("PLACEMENT SHARES"), REPRESENTING UP TO APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF OVERSEA ("PRIVATE PLACEMENT")

Reference is made to the earlier announcements dated 12 November 2020, 13 November 2020 and 20 November 2020 in relation to the Private Placement.

 

On behalf of the Board of Directors of the Company (“Board”), Mercury Securities Sdn Bhd wishes to announce that the Board had on 16 February 2021 (“Price-fixing Date”) fixed the issue price for the first tranche of the Private Placement, at RM0.3600 per Placement Share (“Issue Price”).

 

The Issue Price represents a discount of approximately 7.64% to the 5-market day volume weighted average price of the Shares up to and including 15 February 2021, being the last market day immediately preceding the Price-fixing Date, of RM0.3898.

 

This announcement is dated 16 February 2021.



Announcement Info

Company Name OVERSEA ENTERPRISE BERHAD
Stock Name OVERSEA
Date Announced 16 Feb 2021
Category General Announcement for PLC
Reference Number GA1-16022021-00049


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