MPSOL

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MULTIPLE PROPOSALS MATRIX PARKING SOLUTION HOLDINGS BERHAD ("MATRIX" OR THE "COMPANY") PROPOSED ACQUISITION PROPOSED PRIVATE PLACEMENT (COLLECTIVELY, THE "PROPOSALS")

MATRIX PARKING SOLUTION HOLDINGS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
MATRIX PARKING SOLUTION HOLDINGS BERHAD ("MATRIX" OR THE "COMPANY")

	PROPOSED ACQUISITION
	PROPOSED PRIVATE PLACEMENT 

(COLLECTIVELY, THE "PROPOSALS")

On behalf of the Board, M & A Securities Sdn Bhd wishes to announce that Matrix has on 7 February 2020 entered into a conditional share sale agreement with Mohd Izzuddin Bin Osman, Rafizuddin Bin Ramly and Mohd Hata Bin Hashim for the purchase of 40% equity interest in Smart Integra Tech Sdn Bhd for a purchase consideration of RM1,400,000 to be satisfied by a cash consideration of RM75,000 and the issuance of 8,281,250 new ordinary shares in Matrix at an issue price of RM0.16 each. In conjunction with the Proposed Acquisition and subject to its completion, Matrix also proposes to subscribe for new redeemable convertible preference shares in SITSB amounting to a total of RM3,500,000.

 

Matrix also proposes to undertake a private placement of up to 40,000,200 new Matrix Shares representing up to 20% of the issued shares in Matrix.

  

Please refer to the attachment for further details.

 

The announcement is dated 7 February 2020.




Please refer attachment below.

Attachments

Announcement.pdf
240.3 kB



Announcement Info

Company Name MATRIX PARKING SOLUTION HOLDINGS BERHAD
Stock Name MPSOL
Date Announced 07 Feb 2020
Category General Announcement for PLC
Reference Number GA1-07022020-00040