NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING GENETEC TECHNOLOGY BERHAD ("GENETEC" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES IN GENETEC ("PROPOSED PRIVATE PLACEMENT")
| GENETEC TECHNOLOGY BERHAD |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | GENETEC TECHNOLOGY BERHAD ("GENETEC" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES IN GENETEC ("PROPOSED PRIVATE PLACEMENT") |
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We refer to the Company’s announcement dated 22 February 2021 and the subsequent announcements in relation to the Proposed Private Placement.
On behalf of the Board of Directors of Genetec, KAF Investment Bank Berhad (“KAF IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 9 March 2021, approved the listing of and quotation for up to 5,055,820 new ordinary shares in Genetec to be issued pursuant to the Proposed Private Placement subject to the following conditions:-
(i) Genetec and KAF IB must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Private Placement.
(ii) Genetec and KAF IB to inform Bursa Securities upon the completion of the Proposed Private Placement.
(iii) Genetec 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.
This announcement is dated 9 March 2021.
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Announcement Info
| Company Name | GENETEC TECHNOLOGY BERHAD |
| Stock Name | GENETEC |
| Date Announced | 09 Mar 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09032021-00067 |