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OTHERS AT SYSTEMATIZATION BERHAD ("ATS" OR THE "COMPANY") - SUBSCRIPTION OF RIGHTS AND EXCESS SHARES BY THE COMPANYS WHOLLY-OWNED SUBSIDIARY, AT PRECISION TOOLING SDN. BHD. IN TRIVE PROPERTY GROUP BERHAD PURSUANT TO RULE 9.10(26) OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

AT SYSTEMATIZATION BERHAD

Type Announcement
Subject OTHERS
Description
AT SYSTEMATIZATION BERHAD ("ATS" OR THE "COMPANY")
- SUBSCRIPTION OF RIGHTS AND EXCESS SHARES BY THE COMPANYS WHOLLY-OWNED SUBSIDIARY, AT PRECISION TOOLING SDN. BHD. IN TRIVE PROPERTY GROUP BERHAD PURSUANT TO RULE 9.10(26) OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

The Board of Directors of ATS wishes to announce that its wholly-owned subsidiary, AT Precision Tooling Sdn. Bhd. (“ATP”) has subscribed 299,992,883 new ordinary shares of Trive Property Group Berhad (“Trive”) via the subscription of the rights and excess shares at an issue price of RM.011 each (“Rights Shares”), representing 28.49% of the total enlarged issued and paid-up share capital of Trive for a total cash consideration of RM32,999,217.13 (“Consideration”) (“Subscription”). Pursuant to the Subscription, ATP was issued 174,995,848 free Warrants C of Trive (“Warrants C”).

Please refer to the attachment for further details.

This announcement is dated 25 February 2021.

 




Please refer attachment below.

Attachments

subscription in Trive.pdf
122.4 kB



Announcement Info

Company Name AT SYSTEMATIZATION BERHAD
Stock Name AT
Date Announced 25 Feb 2021
Category General Announcement for PLC
Reference Number GA1-25022021-00164




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