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IPO Prospectus

SNS NETWORK TECHNOLOGY BERHAD

Subject INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 362,875,500 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") IN THE FOLLOWING MANNER: - 80,639,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; - 48,383,400 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; - 201,597,500 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; AND - 32,255,600 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AND (II) OFFER FOR SALE OF 48,383,400 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE/OFFER PRICE OF RM 0.25 PER SHARE, PAYABLE IN FULL UPON APPLICATION.


Please refer attachment below.



Announcement Info

Company Name SNS NETWORK TECHNOLOGY BERHAD
Stock Name SNS
Date Announced 27 Jul 2022
Category Document Submission
Reference Number DCS-26072022-00040



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