MULTIPLE PROPOSALS BINASTRA CORPORATION BERHAD ("BINASTRA" OR "COMPANY") (FORMERLY KNOWN AS COMINTEL CORPORATION BHD) (I) PROPOSED ACQUISITION; (II) PROPOSED RIGHTS ISSUE; (III) PROPOSED PRIVATE PLACEMENT; (IV) PROPOSED ESTABLISHMENT OF A NEW EXECUTIVES SHARE SCHEME; (V) PROPOSED BONUS ISSUE; AND (VI) PROPOSED CHANGE OF NAME (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

BINASTRA CORPORATION BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description 
BINASTRA CORPORATION BERHAD ("BINASTRA" OR "COMPANY") (FORMERLY KNOWN AS COMINTEL CORPORATION BHD)

(I)	PROPOSED ACQUISITION;
(II)	PROPOSED RIGHTS ISSUE;
(III)	PROPOSED PRIVATE PLACEMENT;
(IV)	PROPOSED ESTABLISHMENT OF A NEW EXECUTIVES SHARE SCHEME;
(V)	PROPOSED BONUS ISSUE; AND
(VI)	PROPOSED CHANGE OF NAME

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Reference is made to the announcements dated 6 December 2023, 7 December 2023, 8 December 2023, 30 January 2024, 13 March 2024, 25 March 2024, 3 April 2024, 9 April 2024, 6 May 2024, 13 May 2024, 14 May 2024 and 23 May 2024 (“Announcements”) and the Company’s circular to shareholders dated 8 February 2024 (“Circular”). Unless otherwise defined, the definitions set out in the Announcements and Circular shall apply herein.

On behalf of the Board, AmInvestment Bank wishes to announce that the Private Placement has been completed following the listing of and quotation for 45,250,000 Placement Shares on 24 May 2024.

This announcement is dated 24 May 2024.



Announcement Info

Company Name BINASTRA CORPORATION BERHAD
Stock Name BNASTRA
Date Announced 24 May 2024
Category General Announcement for PLC
Reference Number GA1-23052024-00016