NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING GHL SYSTEMS BERHAD ("GHL" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARE CAPITAL OF GHL ("PROPOSED PRIVATE PLACEMENT")

GHL SYSTEMS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description 
GHL SYSTEMS BERHAD ("GHL" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARE CAPITAL OF GHL ("PROPOSED PRIVATE PLACEMENT")

This announcement is dated 31 May 2018.

 

Reference is made to the Company’s announcements dated 14 May 2018, 17 May 2018 and 23 May 2018 in relation to the Proposed Private Placement (“Earlier Announcements”).  Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.

 

On behalf of the Board of GHL, AmInvestment Bank wishes to announce that the Company has fixed the issue price for the placement of 65,000,000 Placement Shares at RM1.30 per Placement Share to Apis Growth 14 Ltd.  For information, the issue price of RM1.30 represents a discount of approximately 8.20% over the five (5)-day VWAMP of GHL Shares up to 30 May 2018 of RM1.4161 (Source: Bloomberg).

 

Apis Growth 14 Ltd is a private equity fund managed by Apis Partners LLP, a private equity fund manager focused on investing in financial services companies.



Announcement Info

Company Name GHL SYSTEMS BERHAD
Stock Name GHLSYS
Date Announced 31 May 2018
Category General Announcement for PLC
Reference Number GA1-31052018-00066