General Announcement for PLC

05/10/2021

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MQ TECH, REPRESENTING NOT MORE THAN 20% OF THE ENLARGED NUMBER OF ISSUED SHARES IN MQ TECH (EXCLUDING ANY TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PRIVATE PLACEMENT")

MQ TECHNOLOGY BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description 
MQ TECHNOLOGY BERHAD ("MQ TECH" OR "COMPANY")

PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MQ TECH, REPRESENTING NOT MORE THAN 20% OF THE ENLARGED NUMBER OF ISSUED SHARES IN MQ TECH (EXCLUDING ANY TREASURY SHARES) PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("PRIVATE PLACEMENT")

We refer to the announcements made on 17 June 2021, 18 June 2021, 9 July 2021, 12 July 2021, 27 August 2021, 1 September 2021, 2 September 2021 and 8 September 2021 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, TA Securities wishes to announce that the Board had on 5 October 2021 (“Price-fixing Date”) fixed the issue price for the third and final tranche of the Private Placement at RM0.0545 per Placement Share (“Issue Price”).

 

The Issue Price is at a discount of RM0.0060 or approximately 9.92% to the 5-day volume weighted average market price of MQ Tech Shares up to and including 4 October 2021 (being the last market day immediately preceding the Price-fixing Date) of RM0.0605 per MQ Tech Share.

 

This announcement is dated 5 October 2021.



Announcement Info

Company Name MQ TECHNOLOGY BERHAD
Stock Name MQTECH
Date Announced 05 Oct 2021
Category General Announcement for PLC
Reference Number GA1-05102021-00066


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