NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING YONG TAI BERHAD ("YTB" OR "COMPANY") ISSUANCE OF UP TO 180,000,000 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN YTB ("RCPS") AT AN ISSUE PRICE OF RM1.00 PER RCPS ("ISSUANCE OF RCPS")
| YONG TAI BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | YONG TAI BERHAD ("YTB" OR "COMPANY")
ISSUANCE OF UP TO 180,000,000 NEW REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN YTB ("RCPS") AT AN ISSUE PRICE OF RM1.00 PER RCPS ("ISSUANCE OF RCPS") |
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Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in YTB’s announcements dated 28 October 2021, 5 November 2021, 17 November 2021, 29 November 2021, 30 November 2021, 22 December 2021, 10 January 2022, 17 January 2022, 15 April 2022, 22 April 2022, 30 May 2022, 3 June 2022, 12 March 2024, 18 March 2024, 1 April 2024 and 5 April 2024 in relation to the Issuance of RCPS.
The Board of Directors of YTB wishes to announce that the Subscriber has agreed to subscribe for 1 sub-tranche of Tranche 1 comprising 500,000 with a principal amount of RM500,000.00 on 18 April 2024, which acceptance was received by the Company on 19 April 2024. The parties to the Subscription Agreement have agreed that the targeted closing date of such RCPS issuance shall be 25 April 2024.
This announcement is dated 19 April 2024. |
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Announcement Info
| Company Name | YONG TAI BERHAD |
| Stock Name | YONGTAI |
| Date Announced | 19 Apr 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05042024-00070 |