Additional Listing Announcement /Subdivision of Shares
31/05/2021Additional Listing Announcement /Subdivision of Shares
| SUNZEN BIOTECH BERHAD |
1. Details of Corporate Proposal |
|
| Involve issuance of new type/class of securities ? | No |
| Types of corporate proposal | Acquisitions |
| Details of corporate proposal | Acquisition by Sunzen Biotech Berhad ("Sunzen") of 2,000,000 Ordinary Shares in Finsource Solution Sdn. Bhd. (Formerly known as Save Solution Sdn. Bhd.) ("FSSB"), representing 100% of the equity interest in FSSB for a purchase consideration of RM6,800,000 to be wholly satisfied by the issuance and allotment of 41,212,121 new ordinary shares in Sunzen ("Sunzen Share(s)") at an issue price of RM0.165 per Sunzen Share |
| No. of shares issued under this corporate proposal | 41,212,121 |
| Issue price per share ($$) | Malaysian Ringgit (MYR) 0.1650 |
| Par Value($$) (if applicable) | |
Latest issued share capital after the above corporate proposal in the following |
|
| Units | 578,936,859 |
| Issued Share Capital ($$) | Malaysian Ringgit (MYR) 83,949,383.000 |
| Listing Date | 01 Jun 2021 |
| Remarks : |
The issued share capital of RM83,949,383.00 includes fair value of RM250,099.20 transferred from the Option Reserve and RM404.32 from Warrant Reserve. |
Announcement Info
| Company Name | SUNZEN BIOTECH BERHAD |
| Stock Name | SUNZEN |
| Date Announced | 31 May 2021 |
| Category | Additional Listing Announcement /Subdivision of Shares |
| Reference Number | ALA-27052021-00004 |
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