XOXTECH

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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 232,145,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 30% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED AND AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT")

M3 TECHNOLOGIES (ASIA) BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 232,145,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 30% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED AND AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT")

On behalf of the Board of Directors of the Company (“Board”), Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the private placement of up to 232,145,000 new ordinary shares in the Company (“M3Tech Shares” or “Shares”), representing 30% of the existing total number of issued Shares, to independent third-party investor(s) to be identified and at an issue price to be determined later (“Proposed Private Placement”).

 

Please refer to the attachment for further details on the Proposed Private Placement.

 

This announcement is dated 15 March 2021.




Please refer attachment below.



Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 15 Mar 2021
Category General Announcement for PLC
Reference Number GA1-15032021-00124