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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 14 October 2021, the aggregate value of quoted securities acquired by Fintec Global Limited, 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

 21,070,281.42

5.51%

     

b.

Aggregate sale consideration within the preceding twelve (12) months

-

-

   

RM

c.

Investments in quoted securities as at 14 October 2021

 
 

- Total Cost

187,732,456.52

 

- Total Book Value

174,680,856.77

 

- Total Market Value

163,910,414.57

     

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)

-

 

The acquisition of the quoted securities as announced were made within the period from 7 September 2021 to 13 October 2021.

 

This announcement is dated 14 October 2021.






Announcement Info

Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC
Date Announced 14 Oct 2021
Category General Announcement for PLC
Reference Number GA1-14102021-00070




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