MPAY

0.115

-0.005 (-4.2%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY") PROPOSED PLACEMENT OF NEW ORDINARY SHARES IN MPAY OF UP TO 30% OF MPAY'S ISSUED SHARES ("PLACEMENT")

MANAGEPAY SYSTEMS BERHAD

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

PROPOSED PLACEMENT OF NEW ORDINARY SHARES IN MPAY OF UP TO 30% OF MPAY'S ISSUED SHARES ("PLACEMENT")

We refer to the Company’s announcements made on 29 October 2021, 12 November 2021, 6 January 2022, 26 January 2022, 20 June 2022 and 20 July 2022 in relation to the Placement (“Announcements”). For consistency purposes, the abbreviations used in this announcement shall carry the same meaning as those previously defined in the Announcements unless otherwise defined herein.

 

On behalf of the Board, Mercury Securities wishes to announce that the Company, after due deliberation and careful consideration of the Group’s funding requirements for its business plans, intends to explore fundraising avenues that better suit the Group’s business needs. Thus, the Company has not sought for a further extension of time to implement the Placement, which expires on 4 January 2023. As such, the Placement is deemed completed upon the expiry of the extension of time.

 

The Company will make the necessary announcement on any new fundraising exercise as and when required.

 

This announcement is dated 4 January 2023.






Announcement Info

Company Name MANAGEPAY SYSTEMS BERHAD
Stock Name MPAY
Date Announced 04 Jan 2023
Category General Announcement for PLC
Reference Number GA1-04012023-00044