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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES TECHNA-X BERHAD ("TXB" OR "COMPANY") PROPOSED SETTLEMENT OF RM1,020,000 DEBT OWING TO CREDITOR BY THE COMPANY VIA THE ISSUANCE OF 37,090,909 NEW ORDINARY SHARES IN TXB

TECHNA-X BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
TECHNA-X BERHAD ("TXB" OR "COMPANY")

PROPOSED SETTLEMENT OF RM1,020,000 DEBT OWING TO CREDITOR BY THE COMPANY VIA THE ISSUANCE OF 37,090,909 NEW ORDINARY SHARES IN TXB

On behalf of the Board of Directors of TXB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to undertake a proposed settlement of RM1,020,000 debt owing to Chan Kok San (“CKS” or “Creditor II”) by the Company (“Settlement Amount II”) via the issuance of 37,090,909 new ordinary shares in TXB (“TXB Share(s)” or “Share(s)”) (“Settlement Share(s) II”) (“Proposed Debt Settlement II”).

 

Further details of the Proposed Debt Settlement II is set out in the attachment.

 

This announcement is dated 8 September 2022.




Please refer attachment below.



Announcement Info

Company Name TECHNA-X BERHAD
Stock Name TECHNAX
Date Announced 08 Sep 2022
Category General Announcement for PLC
Reference Number GA1-08092022-00076




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