NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SYSTECH BHD. ("SYSTECH" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 64,262,559 NEW ORDINARY SHARES IN SYSTECH ("SYSTECH SHARES" OR "SHARES"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT, 2016 ("PRIVATE PLACEMENT")
| SYSTECH BHD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | SYSTECH BHD. ("SYSTECH" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 64,262,559 NEW ORDINARY SHARES IN SYSTECH ("SYSTECH SHARES" OR "SHARES"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT, 2016 ("PRIVATE PLACEMENT") |
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Reference is made to the Company’s earlier announcements dated 25 February 2025, 26 February 2025, 12 March 2025, 14 March 2025, 14 April 2025, 21 April 2025, 22 April 2025 and 11 September 2025 (“Earlier Announcements”) in relation to the Private Placement. Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Earlier Announcements.
On behalf of the Board, Malacca Securities wishes to announce that the Board has fixed the issue price for the second tranche of up to 49,434,500 Placement Shares to be issued pursuant to the Private Placement at RM0.1317 per Systech Share. The issue price represents a discount of RM0.0146 or 9.98% to the 5-day VWAP of Systech Shares up to and including 1 December 2025 of RM0.1463.
This announcement is dated 2 December 2025. |
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Announcement Info
| Company Name | SYSTECH BHD |
| Stock Name | SYSTECH |
| Date Announced | 02 Dec 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02122025-00031 |