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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 and 25 June 2020.

 

On behalf of the Board, Mercury Securities is pleased to announce that Bursa Securities had, vide its letter dated 26 June 2020, approved the listing and quotation of up to 25,048,000 Placement Shares to be issued pursuant to the Private Placement.

 

The approval by Bursa Securities for the above is subject to the following conditions:-

 

(i)         Mega Sun and Mercury Securities must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Private Placement;

 

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

 

(iii)        Mega Sun to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Private Placement is completed; and

 

(iv)        Mega Sun to furnish Bursa Securities with a certified true copy of the resolution passed pursuant to Sections 75 and 76 of the Act, in the event the current authority has expired.

 

This announcement is dated 26 June 2020.






Announcement Info

Company Name MEGA SUN CITY HOLDINGS BERHAD
Stock Name MEGASUN
Date Announced 26 Jun 2020
Category General Announcement for PLC
Reference Number GA1-26062020-00067