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SCIB Proposes Private Placement to Raise Up to RM10.98 Million

indie
2 minutes

KUCHING, MALAYSIA, Jan 11, 2023 - (ACN Newswire via SEAPRWire.com) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) is proposing a private placement to raise gross proceeds of up to approximately RM10.98 million for working capital, repayment of bank borrowings and estimated expenses for the proposed private placement.Group MD and CEO of SCIB, Encik Rosland bin OthmanWhile the issue price and the actual number of shares to be issued will be determined later, under the maximum scenario in which all the Company's 245.18 million outstanding warrants are exercised, the proposed private placement will entail the issuance of up to 82.72 million placement shares at an indicative price of RM0.1327 per placement share to raise gross proceeds of up to approximately RM10.98 million. Under the minimum scenario, should none of the outstanding warrants be exercised, then gross proceeds raised will be RM7.72 million.The proposed issuance represents not more than 10% of the issued shares as at the latest practicable date (LPD) of 30 December 2022 while the indicative price per share represents a discount of approximately 9.97% to the five-day volume weighted average mar...

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Malaysian Genomics Proposes Private Placement

indie
2 minutes

PETALING JAYA, Malaysia, Jul 8, 2022 - (ACN Newswire via SEAPRWire.com) - Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155), a leading genomics and biopharmaceutical specialist, announced today that the Group is proposing to undertake a private placement of up to 10% of its total number of issued shares or up to 12.42 million new placement shares at an issue price to be determined for third-party investors that will be identified later.Azri Azerai, Executive Director of Malaysian Genomics Resource Centre BerhadShareholders had approved in the AGM convened on 30 November 2021 for the Group to issue and allot new shares at any time and at such price as the Board of Directors deemed fit provided the number of new shares does not exceed 10% of the total number of issued shares. The new placement shares will rank equally in all respects with existing Malaysian Genomics shares except they will not be entitled to any dividends, rights, allotments and any other forms of distribution should the entitlement date precede the relevant date of allotment and issuance of the new placement shares.Encik Azri Azerai, Executive Director of Malaysian Genomics, said, "We are proposing the p...

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SkyChain Announces $2,000,000 Private Placement and new Director & CEO Appointed

indie
2 minutes

Vancouver, BC, Dec 24, 2021 - (ACN Newswire via SEAPRWire.com) - SkyChain Technologies Inc.(TSXV-SCT) (OTCQB-SKTCF) (the "Company") is pleased to announce the appointment of Dr Weichong (Richard) Du to Director and Chairman of the Board of the Company and appointment as CEO. Mr. Bill Zhang has stepped down as CEO of the Company and remains a Director of the Company and CEO of the operating subsidiaries: MiningSky Technology Ltd., MiningSky Technologies (Manitoba) Inc., and Skyrendering Technologies Inc.Concurrent with the appointment a company controlled by Dr. Richard Du has entered into a private placement of 4,761,905 shares at a price of $.42 per share for total proceeds of $2,000,000. Funds from the placement will be used for general corporate purposes and contribute to development of the company's existing projects and new business opportunities.Dr. Richard Du received his PhD degree in electronics engineering from Zhejiang University in 1991, and is a proven entrepreneur and financier as founder of several successful hi-tech companies spanning Silicon Valley, USA, Vancouver, Canada and Guangdong, China. The Company anticipates it will benefit greatly from Dr. Du's business a...

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Skychain’s Proposed Private Placement

indie
2 minutes

Vancouver, BC, Nov 17, 2021 - (ACN Newswire via SEAPRWire.com) - Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) ("Skychain" or the "Company") announces that the Company proposes to sell a non-brokered private placement (the "Private Placement") of common shares (the "Shares") at a price of $0.60 per Share for gross proceeds of $2 million dollars. The proceeds from the Private Placement will be used for general working capital, the new business and for the development of the Company's projects.The Private Placement is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day.In addition, the Company is pleased to announce the appointment of Mr. John Yang to the position of Chief Strategy Officer. Mr. Yang brings over 15 years of interdisciplinary expertise in managing international companies in the tech and marketing fields. He has been involved with blockchain development and crypto mining since early 2016. As a successful entrepreneur in the tech sector Mr. Yang will bring his vast innovative experience to assist with the growth of the Company.About Skychain Techno...

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Central Global Berhad’s Proposed Private Placement Approved by Bursa Securities

indie
2 minutes

KUALA LUMPUR, Apr 23, 2021 - (ACN Newswire via SEAPRWire.com) - Central Global Berhad's ("CGB") proposed private placement of up to 18 million new ordinary shares has been approved by Bursa Malaysia Securities Berhad ("Bursa Securities").CGB executive chairman Dato' Faisal ZelmanCGB is a manufacturer of specialised industrial tapes and label stocks that pioneered industrial hi-temp masking tapes manufacturing and is a one-stop solution provider for crepe paper masking. The Group's other business is construction, where it recently won a subcontract valued at RM100.54 million to upgrade water supply infrastructure in Lahad Datu, Sabah.A letter from Bursa Securities dated 22 April 2021 was received by TA Securities Holdings Berhad ("TA Securities"), the advisor and placement agent for CGB, informing of the approval for the listing and quotation of up to 18 million new ordinary shares to be issued pursuant to the proposed private placement.The proposed private placement is subject to CGB and TA Securities fully complying with the relevant provisions under the Main Market Listing Requirements of the proposed private placement; that CGB and TA Securities inform Bursa Securities upon comp...

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Central Global Berhad Proposes Private Placement of up to 18 Million New Shares

indie
3 minutes

KUALA LUMPUR, Apr 5, 2021 - (ACN Newswire via SEAPRWire.com) - Main Market-listed Central Global Berhad (CGB) has proposed a private placement of up to 18 million new shares representing not more than 20% of the Group's total number of issued shares to qualified third-party investors to be identified at a later date.Central Global Berhad’s factory in Sungai Petani, KedahCGB is a manufacturer of specialised industrial tapes and label stocks that pioneered industrial hi-temp masking tapes manufacturing and is a one-stop solution provider for crepe paper masking. The Group's other business is construction, where it is currently mostly active in the northern region of Peninsular Malaysia.The proposed placement may be implemented in several tranches within six months from the date of approval from Bursa Malaysia Securities Berhad ("Bursa Securities"), with there being potentially several price-fixing dates and issue prices of the placement shares to be determined separately and fixed by the Board of Directors of CGB after the approval from Bursa Securities. These new shares[1] will carry the same rights as the existing issued shares.The proceeds from the private placement will be used f...

SeaPRwire

Adecco Personnel is first employment agency picked as SGUnited Jobs and Skills placement partner

aseanpr
3 minutes

SINGAPORE - Adecco Personnel has been picked as the first employment agency to be an SGUnited Jobs and Skills placement partner to provide job seekers with professional career-matching services. The Ministry of Manpower (MOM) and Workforce Singapore (WSG) announced the appointment in a statement on Monday (March 22). Having placement partners for the SGUnited Jobs and Skills programme "complements the Government's existing job-matching efforts and augments overall placement capacity", said MOM and WSG. Selected employment agencies that have shown their ability to hire fairly will be appointed as placement partners to help Singaporean and permanent resident job seekers find opportunities under the SGUnited Jobs and Skills programme, they added. "The appointment of placement partners also recognises the important role (employment agencies) play in the labour market, given their extensive networks and expertise in job matching," said MOM and WSG. Employment agencies that have been appointed as placement partners will receive fees for the placement of mature job seekers, long-term unemployed job seekers or people with disabilities into jobs, traineeships and attachments. They are expec...

SeaPRwire

Ex-director of investment firm pleads guilty to share rigging

elean
3 minutes

For fear of having his reputation sullied by the falling price of Gaylin Holdings (now Amos Group), which he had recommended to investors, a former director of an investment firm and a corporate advisory firm bought shares in the counter to artificially prop up the closing price. Wong Leon Keat rigged the market for the mainboard-listed oil and gas player on 17 occasions between November 2015 and October 2016, the court heard last Thursday. Gaylin's share price had been on a downward trajectory - declining from 60 cents in 2014 to slightly above 15 cents in 2016. Wong decided to manipulate the prices to protect his reputation and preserve investors' confidence in him, as the 45-year-old had in his personal capacity recommended Gaylin placement shares to numerous investors. He pleaded guilty to a total of seven charges of market manipulation and one count of using an investor's securities account to trade. Another 11 similar offences will be taken into consideration when the judge sentences Wong on March 12. Wong was also the managing director and chief corporate officer of Catalist-listed air-conditioning company Natural Cool but he stepped down in January last year, shortly before...

SeaPRwire

G.H.Y. Culture & Media up as much as 6.1% on SGX debut

elean
3 minutes

Entertainment and content provider G.H.Y. Culture & Media Holding began trading on the mainboard of the Singapore Exchange (SGX) yesterday at 70 cents, some 6.1 per cent higher than its initial public offering (IPO) price of 66 cents per share. As at 10.02am, the stock eased to trade at 66.5 cents, translating to a gain of about 0.8 per cent from the IPO price. With nearly 8.7 million shares having changed hands at that time, G.H.Y. was one of the most active counters by volume on the Singapore bourse in the morning. G.H.Y. group chief executive and chairman Guo Jingyu yesterday said the listing enables the firm - which produces and promotes dramas, films and concerts in the Asia-Pacific region - to enhance its profile both in Singapore and abroad. G.H.Y. sold 21.7 million shares priced at 66 cents apiece as part of its listing on the SGX. The offering comprised 18.7 million placement shares and a public offer of three million shares. The public offer closed at noon on Wednesday. The firm on Thursday evening reported that it received applications from both retail and institutional investors for 16 times the number of shares available in the IPO's public tranche. There were 1,402 va...