PROPOSED SHORT TERM INVESTMENT BY M3 TECHNOLOGIES PAKISTAN (PRIVATE) LIMTED (PROPOSED INVESTMENT)
|M3 TECHNOLOGIES (ASIA) BERHAD|
|Type||Reply to Query|
|Reply to Bursa Malaysia's Query Letter - Reference ID||IQL-17042019-00001|
|Subject||PROPOSED SHORT TERM INVESTMENT BY M3 TECHNOLOGIES PAKISTAN (PRIVATE) LIMTED (PROPOSED INVESTMENT)|
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "THE COMPANY") PROPOSED SHORT TERM INVESTMENT BY M3 TECHNOLOGIES PAKISTAN (PRIVATE) LIMITED (PROPOSED INVESTMENT)
|Query Letter Contents||
We refer to your Company’s announcement dated 16 April 2019 in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
TAN YEW ENG
Cc : Market Surveillance Dept., Securities Commission (via fax)
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement made on 16 April 2019.) We refer to Bursa Malaysia Securities Berhad (“Bursa Securities”) query letter dated 17 April 2019 on the above matter and hereby furnish the additional information as requested:- 1. The particulars of assets/investment that the Investment Amount will be invested in. Aqeel Karim Dhedhi Securities (Private) Limited (AKDSPL) is the holding company of AKD Group having a number of subsidiaries engaged in real estate, oil & gas and financial services sector. Being a holding company, AKDSPL arranges funding and invests in its subsidiaries/other group companies in the form of equity and debt. 2. The names of substantial shareholders of Aqeel Karim Dhedhi Securities (Private) Limited together with their respective shareholdings.
3. The highest percentage ratio applicable to the Proposed Investment pursuant to Rule10.02(g) of the ACE Market Listing Requirements. The highest percentage ratio applicable to the Proposed Investment pursuant to Paragraph 10.02(g) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad is 6.7%, based on the latest audited consolidated financial statements of M3Tech for the financial year ended 30 June 2017. This announcement is dated 18 April 2019.
|Company Name||M3 TECHNOLOGIES (ASIA) BERHAD|
|Date Announced||18 Apr 2019|
|Category||General Announcement for PLC|