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

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 Private Placement, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the announcements dated 8 March 2019, 13 March 2019, 14 March 2019, 29 August 2019 and 6 September 2019 in relation to the Private Placement.

 

On behalf of the Board, Mercury Securities wishes to announce that the Board has on 11 December 2019 (“Price-fixing Date”) fixed the issue price for the placement of 58,428,800 Placement Shares at RM0.036 per Placement Share (“Issue Price”).

 

The Issue Price represents a discount of 10.00% to the 5-day VWAP of M3Tech Shares up to and including 10 December 2019 of RM0.04, being the last market day immediately preceding the Price-fixing Date.

 

This announcement is dated 11 December 2019.






Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 11 Dec 2019
Category General Announcement for PLC
Reference Number GA1-11122019-00023