NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING NETX HOLDINGS BERHAD (''NETX'' OR THE ''COMPANY'') PROPOSED PRIVATE PLACEMENT
NETX HOLDINGS BERHAD |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | NETX HOLDINGS BERHAD (''NETX'' OR THE ''COMPANY'') PROPOSED PRIVATE PLACEMENT |
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 9 January 2020 in relation to the Proposed Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcement dated 9 January 2020 and 16 January 2020.
On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities has, vide its letter dated 20 January 2020, approved the listing and quotation of up to 392,730,000 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) NetX and Mercury Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements pertaining to the implementation of the Proposed Private Placement;
(ii) NETX and Mercury Securities to inform Bursa Securities upon the completion of the Proposed Private Placement;
(iii) NETX 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; and
(iv) NETX to furnish Bursa Securities with a certified true copy of the resolution passed pursuant to Section 75 of the Companies Act, 2016, in the event the current authority has expired.
This announcement is dated 20 January 2020. |
Announcement Info
Company Name | NETX HOLDINGS BERHAD |
Stock Name | NETX |
Date Announced | 20 Jan 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-20012020-00107 |