HSS Engineering

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New Issue Of Securities (Chapter 6 Of Listing Requirements) : Fund Raising

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Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description

HSS ENGINEERS BERHAD ("HEB" OR "COMPANY")
PLACEMENT OF NEW ORDINARY SHARES IN HEB ("PLACEMENT SHARES") ("PLACEMENT")

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the Company’s circular dated 16 January 2018 in relation to, among others, the Placement)

We refer to the Company’s announcements dated 27 October 2017, 22 November 2017 and 11 January 2018 in relation to, among others, the Placement.

On behalf of the Board of Directors of the Company, Maybank IB wishes to announce that the issue price for the Placement Shares has been fixed at RM1.53 per Placement Share, representing a discount of approximately 8.4% to the 5-day VWAP of HEB Shares up to and including 21 February 2018 of RM1.67. The total number of Placement Shares to be issued is 34,182,000 Placement Shares, representing 10.7%% of HEB’s issued share capital as at 21 February 2018.

Maybank IB is the sole Placement Agent for the Placement.

This announcement is dated 21 February 2018.





Announcement Info

Company Name HSS ENGINEERS BERHAD
Stock Name HSSEB
Date Announced 21 Feb 2018
Category General Announcement for PLC
Reference Number GA1-21022018-00067