NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MEGA SUN CITY HOLDINGS BERHAD ("MEGA SUN" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 25,048,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER ("PRIVATE PLACEMENT")

MEGA SUN CITY HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MEGA SUN CITY HOLDINGS BERHAD ("MEGA SUN" OR THE "COMPANY")

PRIVATE PLACEMENT OF UP TO 25,048,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER ("PRIVATE PLACEMENT")

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 16 June 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the earlier announcements in relation to the Private Placement dated 16 June 2020, 25 June 2020, 26 June 2020 and 6 July 2020.

 

On behalf of the Board, Mercury Securities wishes to announce that the Board had on to-date (“Price-fixing Date”) fixed the issue price for the placement of 13,048,000 Placement Shares at RM0.1039 per Placement Share (“Issue Price”).

 

The Issue Price represents a discount of 9.97% to the 5-day VWAP of the Shares up to and including 21 July 2020 of RM0.1154, being the last market day immediately preceding the Price-fixing Date.

 

This announcement is dated 22 July 2020.

 






Announcement Info

Company Name MEGA SUN CITY HOLDINGS BERHAD
Stock Name MEGASUN
Date Announced 22 Jul 2020
Category General Announcement for PLC
Reference Number GA1-22072020-00101