NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING FINTEC GLOBAL BERHAD (''FINTEC'' OR THE ''COMPANY'') PROPOSED PRIVATE PLACEMENT OF UP TO 282,144,000 NEW ORDINARY SHARES IN FINTEC, REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF FINTEC, TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER

FINTEC GLOBAL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
FINTEC GLOBAL BERHAD (''FINTEC'' OR THE ''COMPANY'')

PROPOSED PRIVATE PLACEMENT OF UP TO 282,144,000 NEW ORDINARY SHARES IN FINTEC, REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF FINTEC, TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 14 May 2020 in relation to the Proposed Private Placement, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcement dated 14 May 2020.

 

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities has, vide its letter dated 1 June 2020, approved the listing and quotation of up to 282,144,000 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)         Fintec and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;

 

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

 

(iii)        Fintec 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.

 

This announcement is dated 1 June 2020.






Announcement Info

Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC
Date Announced 01 Jun 2020
Category General Announcement for PLC
Reference Number GA1-01062020-00110