MULTIPLE PROPOSALS MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD ("MGRC" OR THE "COMPANY") (I) PROPOSED PRIVATE PLACEMENT; AND (II) PROPOSED SHARE CAPITAL REDUCTION (COLLECTIVELY, THE "PROPOSALS")
| MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD ("MGRC" OR THE "COMPANY")
(I) PROPOSED PRIVATE PLACEMENT; AND
(II) PROPOSED SHARE CAPITAL REDUCTION
(COLLECTIVELY, THE "PROPOSALS") |
|
On behalf of the Board of Directors of MGRC (“Board”), M & A Securities Sdn Bhd (“M & A Securities”) wishes to announce that the Company proposes to undertake the following:
(a) proposed private placement of up to 13,721,000 new ordinary shares in MGRC (“MGRC Share(s)” or “Share(s)”), representing not more than 10.0% of the total number of issued ordinary shares in MGRC, to independent third-party investor(s) to be identified and at an issue price to be determined at a later date (“Proposed Private Placement”); and
(b) proposed reduction of the issued share capital of RM42,000,000 in MGRC pursuant to Section 116 of the Companies Act, 2016 (“Act”) (“Proposed Share Capital Reduction”).
Kindly refer to the attachment on further details of the Proposals.
This announcement is dated 8 May 2025. |
|
Please refer attachment below.
Announcement Info
| Company Name | MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD |
| Stock Name | MGRC |
| Date Announced | 08 May 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07052025-00077 |