NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING UMW HOLDINGS BERHAD ("UMWH" OR "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES IN UMWH TO RAISE GROSS PROCEEDS OF UP TO RM1.1 BILLION ("PROPOSED RIGHTS ISSUE")
| UMW HOLDINGS BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | UMW HOLDINGS BERHAD ("UMWH" OR "COMPANY")
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES IN UMWH TO RAISE GROSS PROCEEDS OF UP TO RM1.1 BILLION ("PROPOSED RIGHTS ISSUE") |
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(Unless otherwise stated, all abbreviations used herein shall have the same meaning as defined in the Company’s announcement dated 9 March 2018) Further to the Company’s announcement dated 9 March 2018, on behalf of the Board of Directors of UMWH, Maybank IB wishes to announce that the Company is proposing to undertake the Proposed Rights Issue to raise the necessary proceeds to primarily repay a bridging facility to be obtained by the Company to finance both the proposed acquisition of all the ordinary shares in MBM Resources Berhad (“MBMR”) (“MBMR Shares”) held by Med-Bumikar Mara Sdn Bhd (“Med-Bumikar”) and Central Shore Sdn Bhd, a wholly-owned subsidiary of Med-Bumikar, collectively representing 50.07% equity interest in MBMR (“Proposed MBMR Acquisition”) and the resultant proposed mandatory take-over offer for all the remaining MBMR Shares not already owned by UMWH and persons acting concert with it, if any, after the Proposed MBMR Acquisition. Please refer to the attachment for further details of the Proposed Rights Issue. This Announcement is dated 13 March 2018. |
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Please refer attachment below.
Announcement Info
| Company Name | UMW HOLDINGS BERHAD |
| Stock Name | UMW |
| Date Announced | 13 Mar 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13032018-00095 |