Additional Listing Announcement /Subdivision of Shares
| DYNACIATE GROUP BERHAD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Acquisitions |
| Details of corporate proposal | ACQUISITION OF 19,000,000 ORDINARY SHARES IN MGUDANG SDN. BHD. ("MGSB"), REPRESENTING 74.51% EQUITY INTEREST IN MGSB, BY DYNACIATE GROUP BERHAD ("DGB" OR "COMPANY") FROM MMAG HOLDINGS BERHAD, FOR A TOTAL PURCHASE CONSIDERATION OF RM17,830,000, TO BE SATISFIED VIA A COMBINATION OF CASH OF RM534,900 AND ISSUANCE OF 180,157,290 NEW ORDINARY SHARES IN THE COMPANY ("DGB SHARES") AT AN ISSUE PRICE OF RM0.0960 EACH ("ACQUISITION OF MGSB FROM MMAG") |
| No. of shares issued under this corporate proposal | 180,157,290 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0960 |
| Par Value($$) (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 924,361,086 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 105,134,136.320 |
| Listing Date | 07 Apr 2022 |
2. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Others |
| Details of corporate proposal | SETTLEMENT OF AN AMOUNT OWING BY MGUDANG SDN. BHD. TO MMAG HOLDINGS BERHAD OF RM4,500,000 VIA ISSUANCE OF 46,875,000 NEW ORDINARY SHARES IN THE COMPANY AT AN ISSUE PRICE OF RM0.0960 EACH UPON COMPLETION OF THE ACQUISITION OF MGSB FROM MMAG ("SETTLEMENT") |
| No. of shares issued under this corporate proposal | 46,875,000 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0960 |
| Par Value($$) (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 971,236,086 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 109,634,136.320 |
| Listing Date | 07 Apr 2022 |
| Remarks : |
A total of 227,032,290 new DGB Shares were allotted and issued pursuant to the Acquisition of MGSB from MMAG and the Settlement. |
Announcement Info
| Company Name | DYNACIATE GROUP BERHAD |
| Stock Name | DYNACIA |
| Date Announced | 06 Apr 2022 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-04042022-00019 |