General Announcement for PLC

20/05/2022

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING OCEAN VANTAGE HOLDINGS BERHAD ("OVH" OR THE "COMPANY") SPECIAL ISSUE OF UP TO 82,200,000 NEW ORDINARY SHARES IN OVH TO INDEPENDENT THIRD PARTY INVESTORS COMPRISING BUMIPUTERA INVESTORS TO BE APPROVED BY MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY MALAYSIA AND OTHER INVESTORS TO BE IDENTIFIED ("SPECIAL ISSUE")

OCEAN VANTAGE HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description 
OCEAN VANTAGE HOLDINGS BERHAD ("OVH" OR THE "COMPANY")

SPECIAL ISSUE OF UP TO 82,200,000 NEW ORDINARY SHARES IN OVH TO INDEPENDENT THIRD PARTY INVESTORS COMPRISING BUMIPUTERA INVESTORS TO BE APPROVED BY MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY MALAYSIA AND OTHER INVESTORS TO BE IDENTIFIED ("SPECIAL ISSUE")

On behalf of the Board of Directors of OVH, M&A Securities is pleased to announce that the Company has fixed the issue price of the Special Issue Shares at RM0.235 per Special Issue Share to be issued pursuant to the Special Issue.

 

The aforementioned issue price of RM0.235 per Special Issue Share represents a discount of approximately RM0.0033 or 1.38% from the 5-day volume weighted average market price of OVH from 12 May 2022 to 19 May 2022 of approximately RM0.2383 per share.

 

This announcement is dated 20 May 2022.



Announcement Info

Company Name OCEAN VANTAGE HOLDINGS BERHAD
Stock Name OVH
Date Announced 20 May 2022
Category General Announcement for PLC
Reference Number GA1-20052022-00051


Related Announcements for OVH
Date Title
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