NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING FINTEC GLOBAL BERHAD ("FINTEC" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 282,144,000 NEW ORDINARY SHARES IN FINTEC, REPRESENTING APPROXIMATELY 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF FINTEC, TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER ("PRIVATE PLACEMENT")
| FINTEC GLOBAL BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | FINTEC GLOBAL BERHAD ("FINTEC" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 282,144,000 NEW ORDINARY SHARES IN FINTEC, REPRESENTING APPROXIMATELY 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF FINTEC, TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER ("PRIVATE PLACEMENT") |
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(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 14 May 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements dated 14 May 2020, 1 June 2020 and 1 July 2020.
On behalf of the Board, Mercury Securities wishes to announce that the Board has on to-date (“Price-fixing Date”) fixed the issue price for the placement of 182,144,000 Placement Shares, being the last tranche of the Placement Shares, at RM0.0711 per Placement Share (“Issue Price”).
The Issue Price represents a discount of 10.00% to the 5-day VWAP of the Shares up to and including 8 July 2020 of RM0.0790, being the last market day immediately preceding the Price-fixing Date.
This announcement is dated 9 July 2020. |
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Announcement Info
| Company Name | FINTEC GLOBAL BERHAD |
| Stock Name | FINTEC |
| Date Announced | 09 Jul 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09072020-00058 |