Brief: Myanmar Strategic Holdings Says Subscription To Raise U$6.0 Mln

Asia Strategic Holdings

26/05/2020 11:22

May 26 (Reuters) - Myanmar Strategic Holdings Ltd  SHWE.L :
    * SUBSCRIPTION TO RAISE U$6.0 MILLION
    * PROPOSED SHARE ISSUANCE PROGRAMME
    * LAUNCH OF A SHARE ISSUANCE PROGRAMME FOR UP TO 490,000 NEW
ORDINARY SHARES IN COMPANY OVER NEXT 12 MONTHS
    * INTENTION THAT NO SHARES BE ISSUED UNDER SHARE ISSUANCE
PROGRAMME AT ISSUE PRICE OF LESS THAN $20 PER SHARE
    * TO CONDITIONALLY RAISE $6 MILLION THROUGH ISSUE OF 300,000
NEW
SHARES IN CAPITAL OF CO AT PRICE OF $20/SHARE

Source text for Eikon:  ID:nRSZ9218Na 
Further company coverage:  SHWE.L 

 ((Reuters.Briefs@thomsonreuters.com;))