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OTHERS FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"] - ANNOUNCEMENT PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS

FINTEC GLOBAL BERHAD

Type Announcement
Subject OTHERS
Description
FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]
- ANNOUNCEMENT PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS

Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, FINTEC GLOBAL BERHAD (“FINTEC” or “the Company”) wishes to announce that as at 13 July 2021, the aggregate value of quoted securities disposed by Asiabio Capital Sdn. Bhd. (“ABC”), a wholly-owned subsidiary of the Company, that is principally involved in the investment in marketable securities, that has not been announced for the preceding twelve (12) months has exceeded 5% of FINTEC’s latest audited consolidated net assets as at 31 March 2020. The details of the investment in the quoted securities are as follows:-

 

   

RM

% of FINTEC's latest audited consolidated net assets

a.

Aggregate purchase consideration within the preceding twelve (12) months

-

-

     

b.

Aggregate sale consideration within the preceding twelve (12) months

32,705,513.71

8.56%

   

RM

c.

Investments in quoted securities as at 13 July 2021

 
 

- Total Cost

150,995,086.38

 

- Total Book Value

113,568,201.87

 

- Total Market Value

121,893,520.86

     

d.

Net Loss arising from the disposal of quoted securities by FINTEC Group during the current financial year ending 30 June 2022 (Sales proceeds less investment cost and incidental expenses)

(58,773,977.89)

 

The disposal of the quoted securities as announced were made within the period from 12 January 2021 to 30 June 2021.

 

This announcement is dated 13 July 2021.






Announcement Info

Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC
Date Announced 13 Jul 2021
Category General Announcement for PLC
Reference Number GA1-13072021-00046




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