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

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

(Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcement in relation to the Private Placement dated 25 February 2022).

 

We refer to the Company’s announcements dated 25 February 2022, 4 and 16 March 2022 in relation to the Private Placement.

 

On behalf of the Board, Malacca Securities wishes to announce that the Board had on 18 March 2022 (“Price-Fixing Date”) fixed the issue price for the first tranche of the Placement Shares comprising 15,000,000 Placement Shares at RM0.0734 per Placement Share.

 

The issue price of RM0.0734 represents a discount of 9.94% to the five (5)-day VWAMP of the Shares up to and including 17 March 2022 of RM0.0815, being the last market day immediately preceding the Price-Fixing Date.

 

This announcement is dated 18 March 2022.






Announcement Info

Company Name MEGA SUN CITY HOLDINGS BERHAD
Stock Name MEGASUN
Date Announced 18 Mar 2022
Category General Announcement for PLC
Reference Number GA1-18032022-00017




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