1. Details of Corporate Proposal |
Involve issuance of new type/class of securities ? | No |
Types of corporate proposal | Private Placement |
Details of corporate proposal | PRIVATE PLACEMENT OF UP TO 42,500,000 NEW ORDINARY SHARES IN MALAYSIA STEEL WORKS (KL) BHD (“MASTEEL”) (“MASTEEL SHARE(S)” OR “SHARE(S)”), REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MASTEEL (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 (“PRIVATE PLACEMENT”) |
No. of shares issued under this corporate proposal | 2,000,000 |
Issue price per share ($$) | Malaysian Ringgit (MYR) 0.3970 |
Par Value($$) (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
Units | 440,539,831 |
Issued Share Capital ($$) | Malaysian Ringgit (MYR) 235,054,415.000 |
Listing Date | 06 Jan 2020 |