NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING

Reference Number GA1-18112019-00078

Company Name Stock Name Date Announced
WZ SATU BERHAD WZSATU 18 Nov 2019
WZ SATU BERHAD

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING WZ SATU BERHAD (“WZ SATU” OR THE “COMPANY”) (I) PROPOSED RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES TOGETHER WITH FREE DETACHABLE WARRANTS (II) PROPOSED AMENDMENTS

WZ SATU BERHAD
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description WZ SATU BERHAD (“WZ SATU” OR THE “COMPANY”) (I) PROPOSED RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES TOGETHER WITH FREE DETACHABLE WARRANTS (II) PROPOSED AMENDMENTS
On behalf of the board of directors of WZ Satu, Hong Leong Investment Bank Berhad wishes to announce that WZ Satu proposes to undertake a renounceable rights issue of irredeemable convertible preference shares (“ICPS”) in WZ Satu together with free detachable warrants in WZ Satu (“Warrants B”) to raise minimum gross proceeds of about RM30.0 million and maximum gross proceeds of up to about RM72.3 million (“Proposed Rights Issue of ICPS with Warrants”).

 

In conjunction with the Proposed Rights Issue of ICPS with Warrants, the Company proposes to amend the Constitution of the Company to facilitate the creation of the ICPS pursuant to the Proposed Rights Issue of ICPS with Warrants (“Proposed Amendments”).

 

The Proposed Rights Issue of ICPS with Warrants and the Proposed Amendments are collectively referred to as the “Proposals”.

 

Kindly refer to the attachment for the details of the Proposals.

This announcement is dated 18 November 2019.

Please refer attachment below.

Attachments

Project Zest – Proposals (18 November 2019).pdf 350.0 kB