R&A Telecommunication Group Bhd
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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
R&A TELECOMMUNICATION GROUP BERHAD (“R&A” OR “COMPANY”) • PROPOSED PRIVATE PLACEMENT

Company Name

R&A TELECOMMUNICATION GROUP BERHAD(ACE Market) 

Stock Name

RA    

Date Announced

13 Mar 2014 

Category

General Announcement

Reference No

MI-140313-60007

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING R&A TELECOMMUNICATION GROUP BERHAD (“R&A” OR “COMPANY”) • PROPOSED PRIVATE PLACEMENT

 

Type

Announcement

Subject

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING

Description

R&A TELECOMMUNICATION GROUP BERHAD (“R&A” OR “COMPANY”)

• PROPOSED PRIVATE PLACEMENT

 

We refer to the Company’s previous announcements on 26 November 2013, 19 December 2013 and 26 December 2013 in relation to the proposed private placement of up to ten percent (10%) of the issued and paid-up share capital of R&A (“Proposed Private Placement”). For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the previous announcements.

On behalf of the Board of Directors of R&A (“Board”), KAF Investment Bank Berhad is pleased to announce that the Company has fixed the issue price for the Proposed Private Placement, which comprises issuance of 87,896,000 new ordinary shares of RM0.05 each, at RM0.05 per placement share. The said issue price of RM0.05 per placement share is equal to the five (5)-day weighted average market price of R&A shares up to and including 12 March 2014 of approximately RM0.05 as traded on Bursa Securities.

This announcement is dated 13 March 2014.

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