| Subject | INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 208,000,000 NEW ORDINARY SHARES IN SKYWORLD DEVELOPMENT BERHAD ("SKYWORLD DEVELOPMENT" OR THE "COMPANY") ("SHARES") IN THE FOLLOWING MANNER: (A) 50,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 25,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, KEY SENIOR MANAGEMENT, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND (C) 133,000,000 NEW SHARES AVAILABLE FOR PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS, AND (II) OFFER FOR SALE OF 192,000,000 EXISTING ORDINARY SHARES OF THE COMPANY IN THE FOLLOWING MANNER: (A) 150,000,000 EXISTING SHARES FOR PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY; AND (B) 42,000,000 EXISTING SHARES FOR PRIVATE PLACEMENT TO INSTITUTIONAL AND SELECTED INVESTORS; SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AS SET OUT IN SECTION 4.3.5 OF THIS PROSPECTUS, AT AN ISSUE / OFFER PRICE OF RM0.80 PER SHARE PAYABLE IN FULL ON APPLICATION. |
Please refer attachment below.
| Company Name | SKYWORLD DEVELOPMENT BERHAD |
| Stock Name | SKYWLD |
| Date Announced | 20 Jun 2023 |
| Category | Document Submission |
| Reference Number | DCS-19062023-00030 |
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