General Announcement for PLC
27/08/2021NEW 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 and 12 July 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 27 August 2021 (“Price-fixing Date”) fixed the issue price for the first tranche of the Private Placement at RM0.0505 per Placement Share (“Issue Price”).
The Issue Price is at a discount of RM0.0055 or approximately 9.82% to the 5-day volume weighted average market price of MQ Tech Shares up to and including 26 August 2021 (being the last market day immediately preceding the Price-fixing Date) of RM0.0560 per MQ Tech Share.
This announcement is dated 27 August 2021. |
Announcement Info
Company Name | MQ TECHNOLOGY BERHAD |
Stock Name | MQTECH |
Date Announced | 27 Aug 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-27082021-00055 |