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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MEGA SUN CITY HOLDINGS BERHAD ("MEGA SUN" OR THE "COMPANY") PRIVATE PLACEMENT

MEGA SUN CITY HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MEGA SUN CITY HOLDINGS BERHAD ("MEGA SUN" OR THE "COMPANY")

PRIVATE PLACEMENT

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 14 October 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)

 

We refer to the earlier announcements in relation to the Private Placement dated 14 October 2020, 28 October 2020 and 2 November 2020.

 

On behalf of the Board, Mercury Securities wishes to announce that the Board had on to-date (“Price-fixing Date”) fixed the issue price for the placement of 45,000,000 Placement Shares at RM0.1192 per Placement Share (“Issue Price”).

 

The Issue Price represents a discount of 20.00% to the 5-day VWAP of the Shares up to and including 30 December 2020 of RM0.1490, being the last market day immediately preceding the Price-fixing Date.

 

This announcement is dated 31 December 2020.






Announcement Info

Company Name MEGA SUN CITY HOLDINGS BERHAD
Stock Name MEGASUN
Date Announced 31 Dec 2020
Category General Announcement for PLC
Reference Number GA1-31122020-00041




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