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OTHERS MCOM HOLDINGS BERHAD ("MCOM" OR "THE COMPANY") PROPOSED WAIVER OF DEBT AND PROPOSED DEBT SETTLEMENT (COLLECTIVELY, THE "PROPOSALS")

MCOM HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
MCOM HOLDINGS BERHAD ("MCOM" OR "THE COMPANY")

PROPOSED WAIVER OF DEBT AND PROPOSED DEBT SETTLEMENT (COLLECTIVELY, THE "PROPOSALS")

The Board of Directors of MCOM ("Board") wishes to announce that MCOM proposes to undertake the following Proposed Proposals:

 

1.    Proposed waiver of amount owing by M-Media Co., Ltd. ("M-Media") to the Company and its subsidiaries, MCatch (L) Bhd ("MCatch Labuan") and MCOM Messaging Sdn. Bhd ("MCOM Messaging (M)") (collectively referred to as "MCOM Group"), aggregating to RM5,910,361.70 (“Proposed Waiver of Debt").

 

 

2.   Proposed settlement of RM 2,008,440.00 of debt owing to Chew Lee Poh ("CLP"), the Executive Director and Vice President of the Company via the issuance of 7,173,000 new MCOM shares at an issue price of RM0.28 per Settlement Share (“Proposed Debt Settlement").

 

A Circular to Shareholders containing information of the above Proposals will be released via a separate announcement in due course.

 

This announcement is dated 28 October 2022.




Please refer attachment below.



Announcement Info

Company Name MCOM HOLDINGS BERHAD
Stock Name MCOM
Date Announced 28 Oct 2022
Category General Announcement for PLC
Reference Number GA1-28102022-00009




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