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

BackJan 14, 2019
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

NEXTGREEN GLOBAL BERHAD ("NEXTGREEN" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF NEXTGREEN ("PROPOSED PRIVATE PLACEMENT")

(Unless otherwise state, all definitions and terms used in this announcement shall have the same meanings as defined in the announcement dated 14 December 2018).

Reference is made to the announcements dated 14 December 2018, 18 December 2018, 4 January 2019 and 11 January 2019 in relation to the Proposed Private Placement.

On behalf of the Board of Directors of Nextgreen, RHB Investment Bank Berhad (“RHB Investment Bank”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 14 January 2019, approved the listing and quotation of up to 65,665,711 Placement Shares to be issued pursuant to the Proposed Private Placement.

The approval by Bursa Securities for the Proposed Private Placement is subject to the following conditions:

  1. Nextgreen and RHB Investment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;
  2. Nextgreen and RHB Investment Bank to inform Bursa Securities upon the completion of the Proposed Private Placement; and
  3. Nextgreen to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

This announcement is dated 14 January 2019.




Announcement Info

Company Name NEXTGREEN GLOBAL BERHAD
Stock Name NGGB
Date Announced 14 Jan 2019
Category General Announcement for PLC
Reference Number GA1-14012019-00056