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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MEGA SUN CITY HOLDINGS BERHAD ("MEGA SUN" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MEGA SUN ("PROPOSED PRIVATE PLACEMENT")

MEGA SUN CITY HOLDINGS BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MEGA SUN CITY HOLDINGS BERHAD ("MEGA SUN" OR "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF MEGA SUN ("PROPOSED PRIVATE PLACEMENT")

On behalf of the Board of Directors of Mega Sun (“Board”), Malacca Securities Sdn Bhd (“Malacca Securities”) wishes to announce that the Company is proposing to undertake a private placement of up to 56,700,000 new ordinary shares in Mega Sun (“Mega Sun Share(s)” or “Share(s)”), representing ten percent (10%) of the total number of issued Shares, to independent third-party investor(s) to be identified later, at an issue price to be determined later (“Placement Share(s)”) (“Proposed Private Placement”).

 

Further details of the Proposed Private Placement are set out in the ensuing sections of this announcement.

 

This announcement is dated 25 February 2022.




Please refer attachment below.



Announcement Info

Company Name MEGA SUN CITY HOLDINGS BERHAD
Stock Name MEGASUN
Date Announced 25 Feb 2022
Category General Announcement for PLC
Reference Number GA1-24022022-00029




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