General Announcement for PLC

10/08/2020

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING XIN HWA HOLDINGS BERHAD ("XHH" OR "COMPANY") PRIVATE PLACEMENT OF UP TO 21,599,999 NEW ORDINARY SHARES IN XHH ("SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF XHH AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED LATER ("PRIVATE PLACEMENT")

XIN HWA HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description 
XIN HWA HOLDINGS BERHAD ("XHH" OR "COMPANY")

PRIVATE PLACEMENT OF UP TO 21,599,999 NEW ORDINARY SHARES IN XHH ("SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF XHH AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED LATER ("PRIVATE PLACEMENT")

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in XHH’s announcements dated 26 September 2018, 27 September 2018, 28 September 2018, 2 October 2018, 15 March 2019, 21 March 2019, 13 September 2019, 19 September 2019, 17 March 2020 and 3 April 2020.

Reference is made to the announcements dated 26 September 2018, 27 September 2018, 28 September 2018, 2 October 2018, 15 March 2019, 21 March 2019, 13 September 2019, 19 September 2019, 17 March 2020 and 3 April 2020 in relation to the Private Placement.

On behalf of the Board, PIVB wishes to announce that the Board had on 10 August 2020 (“Price-Fixing Date”) fixed the issue price for 5,400,000 Placement Shares, representing approximately 2.50% of the issued shares of XHH as at 7 August 2020 of 215,999,998 Shares, being the first (1st) tranche of the Private Placement at RM0.27 per Placement Share (“Issue Price”).

The Issue Price represents a discount of RM0.0287 or approximately 9.61% to the 5-day volume weighted average market price of the Shares up to and including 7 August 2020, being the last full trading day immediately preceding the Price-Fixing Date of RM0.2987 per Share.

 

This announcement is dated 10 August 2020.



Announcement Info

Company Name XIN HWA HOLDINGS BERHAD
Stock Name XINHWA
Date Announced 10 Aug 2020
Category General Announcement for PLC
Reference Number GA1-10082020-00123


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