Borneo Oil Berhad (BornOil) has announced that the company has entered into a Subscription Agreement with Macquarie Bank Limited for the latter’s subscription of up to 550,000,000 placement shares representing 6.35% of the total current number of issued shares (excluding treasury shares) of BornOil.
In an announcement to Bursa Malaysia Securities Berhad this evening, BornOil said that this development follows on from the stock exchange having approved the listing and quotation of up to 1,052,794,847 Placement Shares to be issued pursuant to the Proposed Private Placement.
Incorporated under the laws of Australia, Macquarie Bank is a wholly-owned subsidiary of Macquarie Group Limited, a company listed on the Australian Securities Exchange with a market capitalisation size of AUD 70.41 billion (RM216.63 billion).
Macquarie Group Limited is an Australian global financial services group with its headquarters in Australia.
Macquarie employs more than 17,000 staff in 33 markets and is the world’s largest infrastructure asset manager and Australia’s top-ranked mergers and acquisitions adviser, with more than A$737 billion in assets under management.
