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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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G Neptune Seeks Shareholders’ Approval to Acquire Soutern Score, a construction Management Services Company, as part of its Proposed Regularisation Plan

indie
4 minutes

KUALA LUMPUR, Aug 22, 2022 - (ACN Newswire via SEAPRWire.com) - G Neptune Berhad is pleased to announce that its circular, which includes multiple proposals as part of its proposed regularisation plan, has been issued today. Upon completion, the proposed regularisation plan is expected to address its Guidance Note 3 (GN3) status as well as to return it to a stronger financial standing and profitability that will benefit all stakeholders.Executive Director and Chief Executive Officer of Southern Score Gan Yee Hin and Executive Director and Head of Group Investment Banking & Islamic Banking of Kenanga Investment Bank Berhad Datuk Roslan Hj Tik [L-R]The proposed regularisation plan includes amongst others, the proposed acquisition of the entire equity interest in Southern Score Sdn Bhd from Super Advantage Property Sdn Bhd for a purchase consideration of RM252.0 million to be satisfied through the issuance of 1.68 billion shares.Southern Score is a construction management services company with a recorded net profit of RM6.51 million, RM19.20 million and RM35.18 million in the financial year ended 31 December 2019, 2020 and 2021 respectively. Super Advantage, being the vendor of So...

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全球领先的生活时尚和文化平台 Hypebeast 计划通过与 Iron Spark I Inc. 合并在纳斯达克上市

tallulah
8 minutes

JACKSON, WY and HONG KONG, Apr 4, 2022 - (亚太商讯 via SEAPRWire.com) - 结合现代文化与生活时尚、以及编辑自主之商业及新闻的首选平台Hypebeast Limited（股份代号：0150.HK）与特殊目的收购公司 (「SPAC」) Iron Spark I Inc.（纳斯达克：ISAA，「Iron Spark」）今天宣布双方已达成最终合并协议，据此Hypebeast将计划收购Iron Spark并在纳斯达克和香港联交所双重上市。-- Hypebeast 成立于 2005 年，是一家发展蓬勃及专注于文化和生活时尚的数字媒体和电子商务公司，在全球拥有超过 2,600 万追随者-- 全球创作者和消费者社群遍布 80 多个国家/地区，促进领先品牌能与 Z 世代和千禧一代受众建立联系和互动-- 在高利润率及具持续盈利能力的业务推动下，预计在截至2022年3月31日止财政年度将产生不少于112,000,000美元的收益； 2015年至2021年复合年增长率达至34%-- 与Iron Spark合并预计将录得高达180,000,000美元的所得款项，预计备考股权估值将达到534,000,000美元 -- Hypebeast计划将交易所得款项用于对科技、人才、品牌体验和营销进行投资，以支持全渠道媒体和电子商务业务的持续增长-- Hypebeast预计于2022年第三季度交易结束后，具纳斯达克（股票代码：$HYPE）及现有上市地香港联交所（股份代号：0150.HK）之双重上市地位-- NIKE前总裁 Trevor Edwards预计将被提名出任Hypebeast的董事Hypebeast于2005年由现任执行董事、主席兼行政总裁马柏荣创建，从最初一个运动鞋博客，一跃成现时拥有2,600万社交媒体追随者和1,800万每月不重复访客的数码平台。其忠实的全球用户群包括具有可支配收入和高购买意愿的Z世代和千禧一代消费者，以及多元化和高参与度的艺术家和创意社群。Hypebeast 揭示了文化和生活时尚（包括时尚、艺术、体育、科技和食品）的最新趋势，并为文化探索和联系创造了一个生态系统。Hypebeast分为三大事业部支线 —— 由网站及社交媒体组成的数码媒体平台HYPEMEDIA、创意服务代理HYPEMAKER，以及电子商贸及全渠道零售平台HBX。Hypebeast的全球读者遍布亚洲、欧洲及美国80多个国家。Hypebeast 无与伦比的品牌参与度和全球客户忠诚度塑造了盈利可观的业务。于2015年至2021年，总收益复合年增长率达到34%，预期于截至2022年3月31日止财政年度将产生不少于112,000,000美元的总收益，主要由于读者人数增加及媒体品牌合作伙伴关系扩大所致。公司已与250多个全球电子商务和媒体品牌建立了稳固...

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Hypebeast, a Leading Global Platform in Contemporary Lifestyle and Culture, Plans to List on NASDAQ through Merger with Iron Spark I Inc.

indie
14 minutes

JACKSON, WY and HONG KONG, Apr 4, 2022 - (ACN Newswire via SEAPRWire.com) - Hypebeast Limited (HKSE: 00150, "Hypebeast" or the "Company"), the go-to platform for contemporary culture and lifestyle and a premier destination for editorially-driven commerce and news, and Iron Spark I Inc. (Nasdaq: ISAA, "Iron Spark"), a publicly-traded special purpose acquisition company ("SPAC"), announced today that they have entered into a definitive merger agreement that is expected to result in Hypebeast plans to acquiring Iron Spark and becoming dual-listed on NASDAQ and the Hong Kong Stock Exchange.-- Founded in 2005, Hypebeast is a thriving digital media and e-commerce company focused on culture and lifestyle with over 26 million followers worldwide.-- Its global community of creators and consumers spanning 80+ countries enables leading brands to connect and engage with Gen-Z and millennial audiences.-- High margin, consistently profitable business to generate not less than US$112 million in revenue in fiscal year ended March 31, 2022; achieved a CAGR of 34% from 2015 to 2021.-- Merger with Iron Spark is expected to provide up to US$180 million in total gross proceeds and is expected to result...

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Resintech Bhd Proposes Bonus Share and Warrant Issues

indie
2 minutes

KUALA LUMPUR, Apr 1, 2022 - (ACN Newswire via SEAPRWire.com) - Resintech Berhad (7232; RESINTC), a fully integrated provider of polyethylene products and unplasticized polyvinyl chloride (uPVC), has today proposed a bonus issue of up to 50,308,463 new ordinary shares on the basis of 1 bonus share for every 3 existing Resintech shares as well as a proposed bonus issue of up to 100,616,926 free warrants on the basis of 1 warrant for every 2 existing Resintech shares.Dato' Dr. Teh Kim Poo, Managing Director of Resintech BerhadThe entitlement date for the bonus issue of new ordinary shares will be determined and announced later by Resintech's Board of Directors ("the Board") while the entitlement date for the bonus issue of free warrants will be determined and announced later by the Board based on the names of shareholders appearing in the Company's record of securities holders.The bonus shares will be entitled to the bonus warrants as the proposed issue of warrants will be implemented following the completion of the proposed bonus issue of shares.Managing Director of Resintech, Dato' Dr. Teh Kim Poo said, "The proposed bonus issue of shares and warrants is to reward shareholders as th...

ACN Newswire
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Ev Dynamics Strengthens Presence in EV Market with Proposed Nasdaq Listing

indie
4 minutes

HONG KONG, Dec 23, 2021 - (ACN Newswire via SEAPRWire.com) - Ev Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with its subsidiaries, collectively "Ev Dynamics" or the "Group"), a provider of new energy vehicles and integrated technology solutions, continues to expand its international development strategy following the submission of a draft registration statement on Form F-1 with the United States Securities and Exchange Commission ("SEC") for confidential review in relation to its proposed offering of American depositary shares in the United States.Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics, said, "We are delighted with the proposed Nasdaq listing as it represents another step forward in the expansion of our global business and will help to solidify our status as a strong player in the global electric vehicle market."Ev Dynamics' production base on 70,000 sqm of land in Chongqing, ChinaMr. Miguel Valldecabres Polop, CEO of Ev Dynamics, said, "We are delighted with the proposed Nasdaq listing as it represents another step forward in the expansion of our global business and will help to solidify our status as a strong player in the global electric vehi...

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Pertama Digital makes leap forward with two new investors for its digital bank

indie
3 minutes

PENANG, Malaysia, Jun 24, 2021 - (ACN Newswire via SEAPRWire.com) - Pertama Digital Berhad announced today that it has signed Memoranda of Understanding (MoUs) with Perfect Hexagon Commodity and Investment Bank Limited ("PHCIB") and Alsirat Sdn Bhd ("ASB") to secure investment for its proposed digital bank.Licensed as a Labuan investment bank under the Labuan Financial Services Authority, PHCIB is wholly owned under Perfect Hexagon Limited ("PHL"), a Hong Kong based entity. PHL is a global commodity and trade finance leader. PHL is also an Associate Participant of Bursa Malaysia Derivatives Berhad and a Liquidity Provider for the Hong Kong Exchanges and Clearing Limited.Meanwhile, ASB is a wholly owned Bumiputera company that has more than 30 years' experience in delivering mission-critical projects for customers since its inception. It provides digital evidence management solutions, big data analytics, machine learning, artificial intelligence and Internet of Things services.According to the two MoUs, PHCIB and ASB both wish to support financial inclusion initiatives by investing in the digital bank proposed by Pertama Digital. Both investors will participate by contributing to th...

ACN Newswire
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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...

SeaPRwire
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Timeline of events for terminated KL-Singapore HSR project

aseanpr
3 minutes

SINGAPORE - In 2013, Singapore and Malaysia had agreed to build a 350km High Speed Rail (HSR) line between Kuala Lumpur and Singapore, which would have cut travelling time to 90 minutes compared to over four hours by car. On Friday (Jan 1), both countries announced in a joint statement that the HSR has been terminated, after both countries failed to reach an agreement on changes proposed by Malaysia by the deadline of Dec 31. Singapore's Ministry of Transport said in a separate statement that Malaysia had allowed the HSR bilateral agreement to be terminated, and has to compensate Singapore for costs already incurred, in accordance with the agreement. Here is a timeline of key milestones in the now-defunct project. Feb 19, 2013: Prime Minister Lee Hsien Loong and then-Malaysian PM Najib Razak agree to build a high-speed rail link between Kuala Lumpur and Singapore after meeting at the Singapore-Malaysia Leaders' Retreat in Singapore. Oct 9, 2015: Singapore and Malaysia jointly launch a request for information for the High-Speed Rail (HSR) project. July 19, 2016: PM Lee and Mr Najib witness the signing of a Memorandum of Understanding for the HSR. Dec 13, 2016: Singapore and Malaysia...

ACN Newswire

Rykadan Proposes Buyback at HK$.68 per share; to Hold EGM 23 November

indie
3 minutes

HONG KONG, Nov 12, 2020 - (ACN Newswire) - Rykadan Capital Limited (stock code: 2288) will be holding Extraordinary General Meeting ("EGM") on 23 November 2020 (Monday) at Room 1, 10/F, United Centre, 95 Queensway, Admiralty, Hong Kong at 1:00 p.m. for approving the Proposed Share Buy-back announced earlier in September. According to the Proposed Share Buy-back, Rykadan Capital, through Dongxing Securities (Hong Kong) Company Limited, will make a conditional cash offer to the shareholders of the Company to buy back up to 102,000,000 shares of the Company at a premium offer price of HK$0.68 per share.Premium valuation: The Proposed Share Buy-back provides an opportunity for the shareholders to sell their shares at a premium to the prevailing market prices of the shares of the Company and receive cash proceeds in return. In particular, the closing price of the Shares has not exceeded the offer price for almost twelve months after 27 September 2019. Certain and immediate value: The shares had been trading on the Hong Kong Stock Exchange at an average daily trading volume of approximately 71,397 Shares for the six months up to and including the last trading day (i.e. 15 September 2020)...

ACN Newswire

Rykadan Capital’s Proposed Share Buy-back at a Premium Offer Price of HK$0.68 per Share Seeking Approval from Independent Shareholders at the Extraordinary General Meeting on 23 November 2020

indie
3 minutes

HONG KONG, Nov 11, 2020 - (ACN Newswire) - Rykadan Capital Limited (stock code: 2288) will be holding Extraordinary General Meeting ("EGM") on 23 November 2020 (Monday) at Room 1, 10/F, United Centre, 95 Queensway, Admiralty, Hong Kong at 1:00 p.m. for approving the Proposed Share Buy-back announced earlier in September. According to the Proposed Share Buy-back, Rykadan Capital, through Dongxing Securities (Hong Kong) Company Limited, will make a conditional cash offer to the shareholders of the Company to buy back up to 102,000,000 shares of the Company at a premium offer price of HK$0.68 per share.Premium valuation: The Proposed Share Buy-back provides an opportunity for the shareholders to sell their shares at a premium to the prevailing market prices of the shares of the Company and receive cash proceeds in return. In particular, the closing price of the Shares has not exceeded the offer price for almost twelve months after 27 September 2019. Certain and immediate value: The shares had been trading on the Hong Kong Stock Exchange at an average daily trading volume of approximately 71,397 Shares for the six months up to and including the last trading day (i.e. 15 September 2020)...