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Additional Listing Announcement /Subdivision of Shares

MI TECHNOVATION BERHAD

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Acquisitions
Details of corporate proposal Proposed acquisition of 21,983,000 common shares in Accurus Scientific Co Ltd ("Accurus Scientific"), representing approximately 99% equity interest in Accurus Scientific for a total purchase consideration of approximately NTD1,878,157,550 (equivalent to RM271,012,500) to be satisfied via the allotment and issuance of 74,250,000 new ordinary share(s) in Mi Technovation Berhad ("Consideration Share(s)") at an issue price of RM3.65 per Consideration Share ("Proposed Acquisition")
No. of shares issued under this corporate proposal 74,250,000
Issue price per share ($$) Malaysian Ringgit (MYR)   3.6500
Par Value($$) (if applicable)  
Latest issued share capital after the above corporate proposal in the following
Units 824,250,000
Issued Share Capital ($$) Malaysian Ringgit (MYR) 523,571,806.000
Listing Date 21 Apr 2021



Announcement Info

Company Name MI TECHNOVATION BERHAD
Stock Name MI
Date Announced 20 Apr 2021
Category Additional Listing Announcement /Subdivision of Shares
Reference Number ALA-19042021-00022




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