SYSTECH

0.465

+0.01 (+2.2%)

MULTIPLE PROPOSALS SYSTECH BHD ("SYSTECH" OR "COMPANY") (I) PROPOSED SHARES ISSUANCE; (II) PROPOSED ACQUISITION; (III) PROPOSED BONUS ISSUE OF WARRANTS; AND (IV) PROPOSED ESS (COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")

SYSTECH BHD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
SYSTECH BHD ("SYSTECH" OR "COMPANY")

(I)	PROPOSED SHARES ISSUANCE;
(II)	PROPOSED ACQUISITION;
(III)	PROPOSED BONUS ISSUE OF WARRANTS; AND
(IV)	PROPOSED ESS

(COLLECTIVELY, REFERRED TO AS THE "PROPOSALS")

Reference is made to the Company’s earlier announcements dated 22 December 2023, 2 February 2024, 11 March 2024 and 22 March 2024 in relation to the Proposals, the circular to shareholders dated 3 April 2024 in relation to the Proposals (“Circular”) and the announcement dated 18 April 2024 in relation to the outcome of extraordinary general meeting for the Proposals. Unless stated otherwise, abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the Circular.

 

On behalf of the Board, Malacca Securities wishes to announce that all conditions precedent of the Subscription Agreements have been fulfilled on 18 April 2024 in accordance to the terms and conditions of the Subscription Agreements. Accordingly, the Subscription Agreements have become unconditional on even date.

  

This announcement is dated 18 April 2024.






Announcement Info

Company Name SYSTECH BHD
Stock Name SYSTECH
Date Announced 18 Apr 2024
Category General Announcement for PLC
Reference Number GA1-18042024-00012