We refer to the announcements dated 13 September 2019, 17 September 2019 and 19 September 2019 in relation to the Private Placement. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein. On behalf of the Board, UOBKH wishes to announce that the Company had on 31 December 2019 received 2 Subscription Notices from Macquarie Bank for the subscription of 1,000,000 and 1,500,000 Masteel Shares respectively, at a subscription price of RM0.380. This subscription price represents a discount of approximately 8.92% to the VWAP of Masteel Shares during the 5 consecutive Trading Days up to and including 30 December 2019 of RM0.4172. This announcement is dated 31 December 2019. |