New Issue of Securities (Chapter 6 Of Listing Requirements) : Fund Raising

Back Sep 09, 2021
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

CYPARK RESOURCES BERHAD ("CRB" OR "COMPANY") - PRIVATE PLACEMENT OF UP TO 104,998,290 NEW ORDINARY SHARES IN CRB ("CRB SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING UP TO 20% OF THE ISSUED SHARES OF CRB ("PRIVATE PLACEMENT")

Reference is made to the announcements dated 16 June 2021, 17 June 2021, 18 June 2021, 29 July 2021, 9 August 2021 and 11 August 2021. Unless otherwise defined, the definitions set out in the previous announcements of the Company shall apply herein.

 

On behalf of the Board, PIVB wishes to announce that the Board had on 9 September 2021 (“Price-Fixing Date”) fixed the issue price for the second (2nd) tranche of the Private Placement at RM0.92 per Placement Share (“Issue Price”).

 

The Issue Price represents a discount of RM0.0935 or approximately 9.23% to the 5-day volume weighted average market price of the CRB Shares up to and including 8 September 2021, being the last market day immediately preceding the Price-Fixing Date of RM1.0135 per CRB Share.

 

PIVB and RHB Investment Bank Berhad are acting as the Joint Placement Agents for the Private Placement.

 

This announcement is dated 9 September 2021.




Announcement Info

Company Name CYPARK RESOURCES BERHAD
Stock Name CYPARK
Date Announced 09 Sep 2021
Category General Announcement for PLC
Reference Number GA1-03092021-00028