News

Private Placement Of 20,827,920 New Ordinary Shares Of RM0.50 Each In QL ("Placement Shares") At An Issue Price Of RM5.60 Per Placement Share ("Private Placement")

Back26 Jan 2011

Date Announced

26/01/2011

Type

Announcement

Subject

QL RESOURCES BERHAD (“QL” OR THE “COMPANY”)

PRIVATE PLACEMENT OF 20,827,920 NEW ORDINARY SHARES OF RM0.50 EACH IN QL (“PLACEMENT SHARES”) AT AN ISSUE PRICE OF RM5.60 PER PLACEMENT SHARE (“PRIVATE PLACEMENT”)

Contents

We refer to the announcements dated 3 November 2010, 23 November 2010, 30 November 2010, 16 December 2010, 17 January 2011 and 25 January 2011 in relation to the Private Placement.

On behalf of the Board of Directors of QL, OSK Investment Bank Berhad is pleased to announce that the Private Placement has been completed with the listing of 20,827,920 Placement Shares on the Main Market of Bursa Malaysia Securities Berhad from 9.00 a.m. on 26 January 2011.

This announcement is dated 26 January 2011.