NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING M3 TECHNOLOGIES (ASIA) BERHAD (M3TECH OR THE COMPANY) - 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 THE COMPANY)

- PROPOSED PRIVATE PLACEMENT

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 8 March 2019 in relation to the Proposed Private Placement, where applicable, unless stated otherwise or defined herein.)

Reference is made to the earlier announcements dated 8 March 2019 and 13 March 2019 in relation to the Proposed Private Placement.

On behalf of the Board, Mercury Securities wishes to announce that Bursa Securities had, vide its letter dated 14 March 2019, approved the listing and quotation of up to 58,428,800 Placement Shares to be issued pursuant to the Proposed Private Placement.

The approval by Bursa Securities for the above is subject to the following conditions:-

(i)         M3Tech and Mercury Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Private Placement;

(ii)         M3Tech and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Private Placement;

(iii)        M3Tech to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and

(iv)        Mercury Securities to furnish Bursa Securities with details of the placees as per Rule 6.16 of the Listing Requirements for Bursa Securities’ review, prior to the issuance / allotment of the Placement Shares.

This announcement is dated 14 March 2019.






Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 14 Mar 2019
Category General Announcement for PLC
Reference Number GA1-14032019-00044