Eonmetall Group Berhad Announces New Issue of Securities through Private Placement

Strategic Insights -

Eonmetall Group Berhad, a Malaysia-based company, has made a key announcement regarding a new issue of securities through a private placement. The company aims to raise funds by issuing up to 91,405,947 new ordinary shares, representing up to 30% of the total issued shares of Eonmetall Group Berhad, excluding treasury shares. This announcement comes after a series of updates on the private placement, which began on January 27, 2025.

Key Takeaways:

  • The company, Eonmetall Group Berhad, has resolved to fix the issue price for the third tranche of the private placement at RM0.227 per Placement Share, representing a 9.63% discount to the five-day volume weighted average market price of EGB Shares up to August 11, 2025.
  • The private placement involves the issue of up to 91,405,947 new ordinary shares, representing up to 30% of the total issued shares of Eonmetall Group Berhad, excluding treasury shares.
  • Alliance Islamic Bank Berhad acted on behalf of the Board of Directors of Eonmetall Group Berhad in announcing the company's resolution to fix the issue price.
  • The issue price represents a 9.63% discount to the five-day volume weighted average market price of EGB Shares up to August 11, 2025, which stood at RM0.2512.

Statistics:

  • Up to 91,405,947 new ordinary shares will be issued through the private placement.
  • The private placement represents up to 30% of the total issued shares of Eonmetall Group Berhad, excluding treasury shares.
  • The issue price is set at RM0.227 per Placement Share, representing a 9.63% discount to the five-day average market price of RM0.2512.
  • The private placement initiated on January 27, 2025, with multiple updates on the status of the placement provided subsequently.

Sources:

  • EONMETALL GROUP BERHAD. (n.d.). NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING. Bursa Malaysia Stock Exchange on the company's website.