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, 23 May 2024, 24 May 2024, 27 May 2024 and 28 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 543,000,000 Bonus Shares will be listed and quoted on the Main Market of Bursa Securities with effect from 9.00 a.m. on Wednesday, 12 June 2024.

The enlarged issued and paid-up share capital of Binastra is now RM133,830,815.48 (subject to adjustments for the expenses incurred by the Company for the Rights Issue, the Private Placement and the Bonus Issue) comprising of 1,086,000,000 Binastra Shares.

This announcement is dated 11 June 2024.



Announcement Info

Company Name BINASTRA CORPORATION BERHAD
Stock Name BNASTRA
Date Announced 11 Jun 2024
Category General Announcement for PLC
Reference Number GA1-10062024-00014