NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 17,961,474 NEW ORDINARY SHARES OF RM0.10 EACH IN M3TECH ("M3TECH SHARES") ("PLACEMENT SHARES"), REPRESENTING UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF M3TECH ("PROPOSED PRIVATE PLACEMENT")

M3 TECHNOLOGIES (ASIA) BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 17,961,474 NEW ORDINARY SHARES OF RM0.10 EACH IN M3TECH ("M3TECH SHARES") ("PLACEMENT SHARES"), REPRESENTING UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF M3TECH ("PROPOSED PRIVATE PLACEMENT")

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the previous announcements.

Reference is made to the announcements dated 17 February 2015, 2 March 2015 and 17 March 2015, 8 June 2015, 27 August 2015 and 7 September 2015 in relation to the Proposed Private Placement.

On behalf of the Board of M3Tech (“Board”), PIVB wishes to announce that the Board has on today fixed the issue price for the placement of 11,705,700 new M3Tech Shares (“Price-Fixing Date”), being the second (2nd) and final tranche of the Proposed Private Placement at RM0.105 per Placement Share (“2nd Issue Price”).

The 2nd Issue Price represents a discount of approximately 7.57% to the five (5)-day VWAP of M3Tech Shares up to and including 5 November 2015, being the market day immediately preceding the Price-Fixing Date, of RM0.1136 per M3Tech Share.

This announcement is dated 6 November 2015.






Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 06 Nov 2015
Category General Announcement for PLC
Reference Number GA1-06112015-00017