SANICHI

0.020

-0.005 (-20%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") PRIVATE PLACEMENT

SANICHI TECHNOLOGY BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY")

PRIVATE PLACEMENT

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 25 September 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 25 September 2020 and 9 October 2020.

 

On behalf of the Board, Mercury Securities wishes to announce that the Board had on to-date (“Price-fixing Date”) fixed the issue price for the placement of 200,000,000 Placement Shares at RM0.0526 per Placement Share (“Issue Price”).

 

The Issue Price represents a discount of 9.93% to the 5-day VWAP of the Shares up to and including 11 November 2020 of RM0.0584, being the last market day immediately preceding the Price-fixing Date.

 

This announcement is dated 12 November 2020.

 






Announcement Info

Company Name SANICHI TECHNOLOGY BERHAD
Stock Name SANICHI
Date Announced 12 Nov 2020
Category General Announcement for PLC
Reference Number GA1-12112020-00079