General Announcement for PLC

03/01/2022

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SINARAN ADVANCE GROUP BERHAD ("SAG" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN SAG

SINARAN ADVANCE GROUP BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description 
SINARAN ADVANCE GROUP BERHAD ("SAG" OR THE "COMPANY") 

PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN SAG

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the previous announcements in relation to the Private Placement.

 

On behalf of the Board, M&A Securities wishes to announce that the Company has fixed the issue price of the Placement Shares at RM0.0405 each.

 

The aforementioned issue price of RM0.0405 per Placement Share represents a discount of approximately RM0.0098 or 19.48% from the five (5)-day weighted average market price of SAG from 27 December 2021 to 31 December 2021 of approximately RM0.0503 per Share.

 

This announcement is dated 3 January 2022.



Announcement Info

Company Name SINARAN ADVANCE GROUP BERHAD
Stock Name SINARAN
Date Announced 03 Jan 2022
Category General Announcement for PLC
Reference Number GA1-03012022-00058


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