General Announcement for PLC

08/08/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") - SUBSCRIPTION AND ACQUISITION OF 133,700,000 ORDINARY SHARES OF METRONIC GLOBAL BERHAD ("MGB") - DISPOSAL OF 17,200,000 ORDINARY SHARES OF MGB - DISPOSAL OF 33,666,666 WARRANTS B OF MGB

BCM ALLIANCE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY")
- SUBSCRIPTION AND ACQUISITION OF 133,700,000 ORDINARY SHARES OF METRONIC GLOBAL BERHAD ("MGB")
- DISPOSAL OF 17,200,000 ORDINARY SHARES OF MGB
- DISPOSAL OF 33,666,666 WARRANTS B OF MGB

The Board of Directors (“Board”) of BCM wishes to announce that the Company had performed the following transactions within the past twelve (12) months:-

 

(a) on 13 July 2022, acquired in aggregate 6.66% or 101,000,000 new ordinary shares of MGB for a total cash consideration of RM6,060,000 via the subscription of the rights and excess rights shares of MGB pursuant to Rights Issue with Warrants (“Subscription”);

 

(b) during the period from1 August 2022 to 5 August 2022, acquired in aggregate 2.16% or 32,700,000 ordinary shares of MGB for an aggregate sum of RM3,091,629.93 in cash via off markets (“Acquisition”);

 

(c) during the period from 1 August 2022 to 5 August 2022, disposed in aggregate 1.13% or 17,200,000 ordinary shares of MGB for an aggregate sum of RM1,633,490.70 in cash via off markets; and

 

(d) on 28 July 2022, disposed in aggregate 7.77% or 33,666,666 Warrants B of MGB for an aggregate sum of RM1,006,466.98 in cash via open market.

 

(Items (c) and (d) above are collectively referred to as “Disposals”)

 

(The Subscription, Acquisition and Disposals are collectively referred to as “Transactions”).  


Please refer to the attachment for further details.

 


This announcement is dated 8 August 2022.


Please refer attachment below.


Announcement Info

Company Name BCM ALLIANCE BERHAD
Stock Name BCMALL
Date Announced 08 Aug 2022
Category General Announcement for PLC
Reference Number GA1-08082022-00014


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