WINSTAR News

WINSTAR: INITIAL PUBLIC OFFERING ("IPO") OF 73,950,000 ORDINARY SHARES IN WINSTAR CAPITAL BERHAD ("WINSTAR" OR "COMPANY") ("SHARES") COMPRISING PUBLIC ISSUE OF 56,550,000 NEW SHARES AND OFFER FOR SALE OF 17,400,000 EXISTING SHARES (COLLECTIVELY, "IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARES ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") IN THE FOLLOWING MANNER: (I) 14,500,000 IPO SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (II) 15,950,000 IPO SHARES MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF WINSTAR AND ITS SUBSIDIARIES ("GROUP") AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE GROUP; AND (III) 43,500,000 IPO SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS, AT AN IPO PRICE OF RM0.35 PER SHARE, PAYABLE IN FULL UPON APPLICATION, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS.

Nov 25, 2024 19:33 ET