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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING SUNZEN BIOTECH BERHAD ("SUNZEN" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES IN SUNZEN ("PROPOSED PRIVATE PLACEMENT")

SUNZEN BIOTECH BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
SUNZEN BIOTECH BERHAD ("SUNZEN" OR "COMPANY") 

PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES IN SUNZEN ("PROPOSED PRIVATE PLACEMENT")

Unless otherwise stated, definitions used throughout this announcement shall carry the same meaning as those defined in the announcement dated 27 September 2021.

 

Reference is made to the announcement on 27 September 2021 and 6 October 2021 in relation to the Proposed Private Placement.

 

On behalf of the Board of Directors of SUNZEN, M&A Securities Sdn Bhd (“M&A Securities”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 1 November 2021, approved the listing of and quotation for up to 134,114,200 new ordinary shares in SUNZEN (“Placement Shares”) to be issued pursuant to the Proposed Private Placement on the ACE Market of Bursa Securities subject to the following conditions:-

 

1. SUNZEN and M&A Securities must fully comply with the relevant provisions under the Bursa Securities ACE Market Listing Requirements (“LR”) pertaining to the implementation of the Proposed Private Placement;

 

2. SUNZEN and M&A Securities to inform Bursa Securities upon the completion of the Proposed Private Placement; and

 

3. SUNZEN to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

 

SUNZEN is required to ensure full compliance of all the requirements as provided under the LR at all times.

 

This announcement is dated 1 November 2021.






Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN
Date Announced 01 Nov 2021
Category General Announcement for PLC
Reference Number GA1-01112021-00114




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