General Announcement for PLC

03/11/2020

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING PARLO BERHAD (''PARLO'' OR THE ''COMPANY'') PROPOSED PRIVATE PLACEMENT OF UP TO 72,800,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AND AT AN ISSUE PRICE TO BE DETERMINED LATER (''PROPOSED PRIVATE PLACEMENT'')

PARLO BERHAD

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

PROPOSED PRIVATE PLACEMENT OF UP TO 72,800,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AND AT AN ISSUE PRICE TO BE DETERMINED LATER (''PROPOSED PRIVATE PLACEMENT'')

On behalf of the Board of Directors of the Company (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities") wishes to announce that the Company proposes to undertake the private placement of up to 72,800,000 new ordinary shares in the Company (“Parlo Shares” or “Shares”), representing 20% of the total number of issued shares of the Company, to independent third-party investor(s) to be identified later and at an issue price to be determined later (“Placement Shares”) (“Proposed Private Placement”).

 

Please refer to the attachment for further details on the Proposed Private Placement.

 

This announcement is dated 3 November 2020.


Please refer attachment below.


Announcement Info

Company Name PARLO BERHAD
Stock Name PARLO
Date Announced 03 Nov 2020
Category General Announcement for PLC
Reference Number GA1-03112020-00083


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