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Silver Ridge Holdings Bhd Announces Private Placement of New Shares

Strategic Insights

— 1 min read

Silver Ridge Holdings Bhd (SRHB) has announced the private placement of new ordinary shares, representing up to 30% of its total issued shares, at an issue price of RM0.1750 each per Placement Share. This announcement follows previous announcements made by SRHB on its fund-raising efforts, with the latest update provided by Mercury Securities on behalf of the Board. The private placement is part of SRHB's ongoing efforts to raise capital through various means, and this development is expected to have significant implications for the company's future prospects.

Key Takeaways:

  • SRHB has announced a private placement of new ordinary shares, representing up to 30% of its total issued shares.
  • The issue price for the eleventh tranche of the private placement has been fixed at RM0.1750 each per Placement Share.
  • This announcement follows previous updates provided by SRHB on its fund-raising efforts, with the latest update shared by Mercury Securities on behalf of the Board.
  • The private placement is expected to be part of SRHB's ongoing efforts to raise capital through various means.
  • SRHB has previously made announcements regarding its fund-raising efforts on 8 March 2024, 15 March 2024, 23 May 2024, and other dates up to 5 May 2025.
  • The definitions set out in previous announcements shall apply to this announcement, indicating a continuous progression of SRHB's fund-raising efforts.

Statistics:

  • Up to 30% of SRHB's total issued shares will be represented by the new ordinary shares issued through the private placement.
  • The issue price for the eleventh tranche of the private placement is RM0.1750 each per Placement Share.
  • SRHB has made multiple announcements regarding its fund-raising efforts, with the most recent updates provided on 8 March, 15 March, and other dates up to 5 May 2025.

Sources:

  • Bursa Malaysia Stock Exchange (exactly as mentioned in the original text)
  • Silver Ridge Holdings Bhd (exactly as mentioned in the original text)

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