General Announcement for PLC

13/07/2022

OTHERS BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") - SUBSCRIPTION OF AN AGGREGATE OF 101,000,000 RIGHTS SHARES AND EXCESS RIGHTS SHARES OF METRONIC GLOBAL BERHAD ("METRONIC") BY BC MEDICARE SDN. BHD. ("BC MEDICARE"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY PURSUANT TO RULE 9.19(26) OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

BCM ALLIANCE BERHAD

Type Announcement
Subject OTHERS
Description 
BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") 
- SUBSCRIPTION OF AN AGGREGATE OF 101,000,000 RIGHTS SHARES AND EXCESS RIGHTS SHARES OF METRONIC GLOBAL BERHAD ("METRONIC") BY BC MEDICARE SDN. BHD. ("BC MEDICARE"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY PURSUANT TO RULE 9.19(26) OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Rule 9.19(26) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of BCM wishes to announce that BCM and BC MEDICARE, a wholly-owned subsidiary of BCM had on 13 July 2022 become the substantial shareholders of METRONIC following BC MEDICARE’s subscription of an aggregate of 101,000,000 Rights Shares and excess Rights Shares of METRONIC at an issue price of RM0.06 each, representing 6.66% of the equity interest of the enlarged share capital of METRONIC issued pursuant to the renounceable rights issue of new ordinary shares in METRONIC (“Rights Shares”) together with the free detachable warrants (“Warrants B”) on the basis of 6 Rights Shares together with 2 free Warrants B for every 1 existing ordinary share held in METRONIC (“the Subscription”).

 

The highest percentage ratio applicable to the Subscriptipn pursuant to Rule 10.02(g) of the ACE Market Listing Requirement of Bursa Malaysia Securities Berhad is 3.40% based on the latest audited financial statements of BCM for the financial year ended 31 December 2021.

 

This announcement is dated 13 July 2022.



Announcement Info

Company Name BCM ALLIANCE BERHAD
Stock Name BCMALL
Date Announced 13 Jul 2022
Category General Announcement for PLC
Reference Number GA1-06072022-00056


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