11 1 月, 2023

SCIB Proposes Private Placement to Raise Up to RM10.98 Million

KUCHING, MALAYSIA, Jan 11, 2023 - (ACN Newswire via SEAPRWire.com) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) is proposing a private placement to raise gross proceeds of up to approximately RM10.98 million for working capital, repayment of bank borrowings and estimated expenses for the proposed private placement.Group MD and CEO of SCIB, Encik Rosland bin OthmanWhile the issue price and the actual number of shares to be issued will be determined later, under the maximum scenario in which all the Company's 245.18 million outstanding warrants are exercised, the proposed private placement will entail the issuance of up to 82.72 million placement shares at an indicative price of RM0.1327 per placement share to raise gross proceeds of up to approximately RM10.98 million. Under the minimum scenario, should none of the outstanding warrants be exercised, then gross proceeds raised will be RM7.72 million.The proposed issuance represents not more than 10% of the issued shares as at the latest practicable date (LPD) of 30 December 2022 while the indicative price per share represents a discount of approximately 9.97% to the five-day volume weighted average market price of SCIB shares up to the LPD of RM0.1474. The proposed private placement may be implemented in several tranches within six months of approval from Bursa Securities Malaysia Berhad or any extended period approved by it until the conclusion of the next AGM.The proposed private placement is undertaken in accordance with the approval obtained from the shareholders of the Company at the 46th AGM convened on 8 December 2022.Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

8 7 月, 2022

Malaysian Genomics Proposes Private Placement

PETALING JAYA, Malaysia, Jul 8, 2022 - (ACN Newswire via SEAPRWire.com) - Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155), a leading genomics and biopharmaceutical specialist, announced today that the Group is proposing to undertake a private placement of up to 10% of its total number of issued shares or up to 12.42 million new placement shares at an issue price to be determined for third-party investors that will be identified later.Azri Azerai, Executive Director of Malaysian Genomics Resource Centre BerhadShareholders had approved in the AGM convened on 30 November 2021 for the Group to issue and allot new shares at any time and at such price as the Board of Directors deemed fit provided the number of new shares does not exceed 10% of the total number of issued shares. The new placement shares will rank equally in all respects with existing Malaysian Genomics shares except they will not be entitled to any dividends, rights, allotments and any other forms of distribution should the entitlement date precede the relevant date of allotment and issuance of the new placement shares.Encik Azri Azerai, Executive Director of Malaysian Genomics, said, "We are proposing the private placement to raise funds mainly for the Group's future investments of which we are still exploring options and a part of the proceeds will be allocated for the purchase of equipment including IT hardware, biological safety cabinet and extraction automation for our existing and future businesses.""The reopening of the economy presents opportunities in the private healthcare segment and the fresh funds raised will enable us to be able to take advantage of the possibilities. We diversified into the biopharmaceutical business in 2020 and have since been pushing to open channels for our cell therapies and genetic tests through a series of agreements that gives us a wider market reach. We also bought a 51% stake in a kidney dialysis operator, Aquahealth Sdn Bhd, to offer holistic kidney care."UOB Kay Hian Securities (M) Sdn Bhd is the adviser and placement agent for the proposed private placement.Malaysian Genomics Resource Centre Berhad: 0155 [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

24 12 月, 2021

SkyChain Announces $2,000,000 Private Placement and new Director & CEO Appointed

Vancouver, BC, Dec 24, 2021 - (ACN Newswire via SEAPRWire.com) - SkyChain Technologies Inc.(TSXV-SCT) (OTCQB-SKTCF) (the "Company") is pleased to announce the appointment of Dr Weichong (Richard) Du to Director and Chairman of the Board of the Company and appointment as CEO. Mr. Bill Zhang has stepped down as CEO of the Company and remains a Director of the Company and CEO of the operating subsidiaries: MiningSky Technology Ltd., MiningSky Technologies (Manitoba) Inc., and Skyrendering Technologies Inc.Concurrent with the appointment a company controlled by Dr. Richard Du has entered into a private placement of 4,761,905 shares at a price of $.42 per share for total proceeds of $2,000,000. Funds from the placement will be used for general corporate purposes and contribute to development of the company's existing projects and new business opportunities.Dr. Richard Du received his PhD degree in electronics engineering from Zhejiang University in 1991, and is a proven entrepreneur and financier as founder of several successful hi-tech companies spanning Silicon Valley, USA, Vancouver, Canada and Guangdong, China. The Company anticipates it will benefit greatly from Dr. Du's business acumen and technology expertise, as he holds several core patents (and proprietary research) in the fields of fiber laser, digital lithography, and molecular layer assembly.Final closing of the Private Placement is subject to TSXV acceptance, at which time the closing will be announced.About SkyChain Technologies INCSkyChain Technologies is a Vancouver based company providing Blockchain Infrastructure services and power solutions. Our vision is to become a leading player in the crypto/data mining hosting by growing to 100MW of crypto hosting capacity. To learn more, visit www.skychaintechnologiesinc.com.ON BEHALF OF THE BOARD OF DIRECTORSBill ZhangDirectorContact: 604-306-7159bill@skychaintechnologiesinc.cominfo@skychaintechnologiesinc.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company's control. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

17 11 月, 2021

Skychain’s Proposed Private Placement

Vancouver, BC, Nov 17, 2021 - (ACN Newswire via SEAPRWire.com) - Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) ("Skychain" or the "Company") announces that the Company proposes to sell a non-brokered private placement (the "Private Placement") of common shares (the "Shares") at a price of $0.60 per Share for gross proceeds of $2 million dollars. The proceeds from the Private Placement will be used for general working capital, the new business and for the development of the Company's projects.The Private Placement is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day.In addition, the Company is pleased to announce the appointment of Mr. John Yang to the position of Chief Strategy Officer. Mr. Yang brings over 15 years of interdisciplinary expertise in managing international companies in the tech and marketing fields. He has been involved with blockchain development and crypto mining since early 2016. As a successful entrepreneur in the tech sector Mr. Yang will bring his vast innovative experience to assist with the growth of the Company.About Skychain Technologies Inc.Skychain Technologies Inc. is a Vancouver based company providing Blockchain Infrastructure services and power solutions. To learn more, visit www.skychaintechnologiesinc.com.ON BEHALF OF THE BOARD OF DIRECTORSBill ZhangPresident and CEOContact: 604-688-5464bill@skychaintechnologiesinc.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company's control.NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATON INTO THE USATo view the source version of this press release, please visit https://www.newsfilecorp.com/release/103733 Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

23 4 月, 2021

Central Global Berhad’s Proposed Private Placement Approved by Bursa Securities

KUALA LUMPUR, Apr 23, 2021 - (ACN Newswire via SEAPRWire.com) - Central Global Berhad's ("CGB") proposed private placement of up to 18 million new ordinary shares has been approved by Bursa Malaysia Securities Berhad ("Bursa Securities").CGB executive chairman Dato' Faisal ZelmanCGB is a manufacturer of specialised industrial tapes and label stocks that pioneered industrial hi-temp masking tapes manufacturing and is a one-stop solution provider for crepe paper masking. The Group's other business is construction, where it recently won a subcontract valued at RM100.54 million to upgrade water supply infrastructure in Lahad Datu, Sabah.A letter from Bursa Securities dated 22 April 2021 was received by TA Securities Holdings Berhad ("TA Securities"), the advisor and placement agent for CGB, informing of the approval for the listing and quotation of up to 18 million new ordinary shares to be issued pursuant to the proposed private placement.The proposed private placement is subject to CGB and TA Securities fully complying with the relevant provisions under the Main Market Listing Requirements of the proposed private placement; that CGB and TA Securities inform Bursa Securities upon completion of the proposed private placement; that CGB furnishes Bursa Securities with a written confirmation of the Group's compliance with the terms and conditions of Bursa Securities' approval once the proposed private placement is completed; and, in the event the proposed private placement is not completed before the next annual general meeting ("AGM"), that CGB furnishes a certified true copy of the resolution passed by shareholders for a general mandate under Sections 75 and 76 of the Companies Act, 2016 at the Group's forthcoming AGM.CGB executive chairman Dato' Faisal Zelman said, "We are glad for the approval as we have plans in the pipeline to expand our manufacturing and construction businesses. We need new machinery that is more efficient and cost-effective for our manufacturing operations and we will use part of the proceeds to fund a construction project in Pulau Pinang.""As we have plans beyond the immediate ones for both the manufacturing and construction businesses, we are also allocating a portion of the proceeds for future growth as well as having a portion for working capital purposes."For more information, please contact:Hakim JuraimiTel: +60 12-318 5410Email: h.juraimi@swanconsultancy.biz Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

5 4 月, 2021

Central Global Berhad Proposes Private Placement of up to 18 Million New Shares

KUALA LUMPUR, Apr 5, 2021 - (ACN Newswire via SEAPRWire.com) - Main Market-listed Central Global Berhad (CGB) has proposed a private placement of up to 18 million new shares representing not more than 20% of the Group's total number of issued shares to qualified third-party investors to be identified at a later date.Central Global Berhad’s factory in Sungai Petani, KedahCGB is a manufacturer of specialised industrial tapes and label stocks that pioneered industrial hi-temp masking tapes manufacturing and is a one-stop solution provider for crepe paper masking. The Group's other business is construction, where it is currently mostly active in the northern region of Peninsular Malaysia.The proposed placement may be implemented in several tranches within six months from the date of approval from Bursa Malaysia Securities Berhad ("Bursa Securities"), with there being potentially several price-fixing dates and issue prices of the placement shares to be determined separately and fixed by the Board of Directors of CGB after the approval from Bursa Securities. These new shares[1] will carry the same rights as the existing issued shares.The proceeds from the private placement will be used for a new masking tape coater production line, funding for an existing construction project, working capital and, estimated expenses related to the private placement exercise. The Group's Board of Directors have laid out plans to fortify the manufacturing business while at the same time expand the construction business through more contracts.CGB executive chairman Dato' Faisal Zelman said, "The private placement exercise is in line with our plans for the production of masking tapes in the Group's manufacturing business. We want to focus on keeping critical production volumes up, undertake efforts to drive efficiencies in production that can minimise wastage as well as ensure consistency in product quality, which is key to recurring orders especially for our export orders.""We are also using the proceeds to fund a project in Pulau Pinang from our construction business. We were awarded this project in January 2020 and work commenced in July 2020. We will continue to undertake construction projects and have tendered for several projects. A portion of the proceeds from the private placement exercise will also be used for working capital purposes as well as accelerating future business expansion."TA Securities Holdings Berhad has been appointed the advisor and the placement agent for the proposed private placement.[1] Such new shares will not be entitled to any dividends, rights, allotments and/or any other distributions which may be declared, made or paid to the Company's shareholders unless such new shares were allotted and issued on or before the entitlement date of such rights, allotments and/or other distributions.For more information, please contact:Hakim JuraimiTel: +60 12-318 5410Email: h.juraimi@swanconsultancy.biz Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)