MICROLN

0.350

+0.015 (+4.5%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MICROLINK SOLUTIONS BERHAD ("MICROLN" OR "COMPANY") - PROPOSED RIGHTS ISSUE WITH WARRANTS; AND - PROPOSED AMENDMENTS TO THE CONSTITUTION COLLECTIVELY REFERRED TO AS THE "PROPOSALS"

MICROLINK SOLUTIONS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MICROLINK SOLUTIONS BERHAD ("MICROLN" OR "COMPANY")

- PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
- PROPOSED AMENDMENTS TO THE CONSTITUTION

COLLECTIVELY REFERRED TO AS THE "PROPOSALS"

On behalf of the Board of Directors of MICROLN (“Board”), M&A Securities Sdn Bhd wishes to announce that the Company intends to undertake the following:

 

(i) Proposed renounceable rights issue of up to 89,366,347 redeemable preference shares (“RPS”) in MICROLN together with up to 268,099,040 free detachable warrants (“Warrants”) at an issue price of RM1.00 per RPS on the basis of 1 RPS and 3 Warrants for every 12 existing ordinary shares in MICROLN held at an entitlement date to be determined by the Board at a later date (“Proposed Rights Issue with Warrants”); and

 

(ii)Proposed amendments to the Constitution of the Company (“Proposed Constitution Amendments”).

 

 

Kindly refer to the attachment for further details on the Proposals.

 

 

This announcement is dated 15 March 2024.




Please refer attachment below.

Attachments

Microlink - Proposals.pdf
504.7 kB



Announcement Info

Company Name MICROLINK SOLUTIONS BERHAD
Stock Name MICROLN
Date Announced 15 Mar 2024
Category General Announcement for PLC
Reference Number GA1-15032024-00060