NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MLABS SYSTEMS BERHAD ("MLABS" OR THE "COMPANY") RIGHTS ISSUE WITH WARRANTS
MLABS SYSTEMS BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description MLABS SYSTEMS BERHAD ("MLABS" OR THE "COMPANY")
RIGHTS ISSUE WITH WARRANTS (For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Abridged Prospectus dated 13 November 2020 issued by the Company in relation to the Rights Issue with Warrants.)
We refer to the Abridged Prospectus dated 13 November 2020.
On behalf of the Board, Mercury Securities wishes to announce that pursuant to the close of acceptance, excess applications and payment for the Rights Shares with Warrants C at 5.00 p.m. on 30 November 2020, the Company had received valid acceptances and excess applications for a total of 806,441,306 Rights Shares, representing an over-subscription of 6.8% over the total number of Rights Shares available for subscription under the Rights Issue with Warrants.
Details of such valid acceptances and excess applications received are as follows:-
No. of Rights Shares
% of total issue
Total valid acceptances
621,805,762
82.3
Total valid excess applications
184,635,544
24.5
Total valid acceptances and excess applications
806,441,306
106.8
Total Rights Shares available for subscription
755,123,220
100.0
Over-subscription
51,318,086
6.8
Successful applicants of the Rights Shares will be given Warrants C on the basis of 7 Warrants C for every 12 Rights Shares successfully subscribed for. The Excess Rights Shares with Warrants C will be allotted in a fair and equitable manner in the following priority:-
(i) firstly, to minimise the incidence of odd lots;
(ii) secondly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess Rights Shares with Warrants C, taking into consideration their respective shareholdings in the Company as at the Entitlement Date;
(iii) thirdly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for Excess Rights Shares with Warrants C, taking into consideration the quantum of their respective Excess Rights Shares with Warrants C Applications; and
(iv) finally, on a pro-rata basis and in board lots, to the transferee(s) and/or renouncee(s) who have applied for Excess Rights Shares with Warrants C, taking into consideration the quantum of their respective Excess Rights Shares with Warrants C Applications.
The Excess Rights Shares with Warrants C will firstly be allocated to minimise the odd lots (if any) held by each applicant of Excess Rights Shares with Warrants C. Thereafter, the allocation process will perform items (ii), (iii) and (iv) in succession. Any remaining balance of Excess Rights Shares with Warrants C will be allocated by performing the same sequence of allocation i.e. items (ii), (iii) and (iv) again in succession until all Excess Rights Shares with Warrants C are allotted.
Notwithstanding the foregoing, the Board reserves the right to allot any Excess Rights Shares with Warrants C applied for under Part I(B) of the RSF in such manner as it deems fit and expedient and in the best interests of the Company subject always to such allocation being made on a fair and equitable basis, and that the intention of the Board as set out in (i), (ii), (iii) and (iv) above is achieved. The Board also reserves the right at its absolute discretion not to accept any application for Excess Rights Shares with Warrants C, in full or in part, without assigning any reason thereof.
The Rights Shares and Warrants C are expected to be listed on the ACE Market of Bursa Securities on 14 December 2020.
Mlabs Systems Entered Digital Distribution Agreement With Mtouche International
Nov 19 (Reuters) - Mlabs Systems Bhd <MLBS.KL>::ENTERED DIGITAL DISTRIBUTION AGREEMENT WITH MTOUCHE INTERNATIONAL SDN. BHD.AGREEMENT EXPECTED TO HAVE POSITIVE CONTRIBUTION TO EARNINGS AND NET ASSETS OF GROUP.AGREEMENT TO PROMOTE, MARKET, & DISTRIBUTE NOVEL CORONAVIRUS RP-PCR DETECTION & DIAGNOSTIC KIT, AMONG OTHERS.
PM membuat kenyataan tentang Vaksin namun tidak memacakkan harga kerana beberapa faktor dalam kaunter yang terlibat.
Saya fikir rally akan kick start minggu depan setidaknya kaunter MTOUCH jika KANGER masih dalam urusan PP dan pullback yang belum sempurna.
Berita Pfizer sangat dekat dengan MTOUCH apabila Mr Tan Boon Koon, executive director MTOUCH pada 13nov2020 mengatakan melalui Shanghai Fosun Long March rakan pengilangnya telah berbincang dengan induknya Shanghai Fosun Pharmaceutical Group untuk mengedarkan Vaksin dari kerjasama antara Biontech dari German dan Pfizer dari USA.
Di masa ini testkid edaran MTOUCH telah mendapat kelulusan MOH untuk di gunakan.
Nexgram akan melakukan di lapangan dan MLABS Sebagai makmal pemprosesan sample.
@Good123 Mlabs Systems Entered Digital Distribution Agreement With Mtouche International
Nov 19 (Reuters) - Mlabs Systems Bhd <MLBS.KL>::ENTERED DIGITAL DISTRIBUTION AGREEMENT WITH MTOUCHE INTERNATIONAL SDN. BHD.AGREEMENT EXPECTED TO HAVE POSITIVE CONTRIBUTION TO EARNINGS AND NET ASSETS OF GROUP.AGREEMENT TO PROMOTE, MARKET, & DISTRIBUTE NOVEL CORONAVIRUS RP-PCR DETECTION & DIAGNOSTIC KIT, AMONG OTHERS. 11/12/2020 10:05 AM
Good123 Mlabs Systems Says Unit To Acquire Property For 7 Mln RGT
Sept 24 (Reuters) - Mlabs Systems Bhd <MLBS.KL>::UNIT NEXT GEN BIOSCIENCES SDN BHD TO ACQUIRE PROPERTY FROM VENUS ASSETS SDN BHD FOR 7 MILLION RGT. 11/12/2020 10:06 AM
Good123 PM membuat kenyataan tentang Vaksin namun tidak memacakkan harga kerana beberapa faktor dalam kaunter yang terlibat.
Saya fikir rally akan kick start minggu depan setidaknya kaunter MTOUCH jika KANGER masih dalam urusan PP dan pullback yang belum sempurna.
Berita Pfizer sangat dekat dengan MTOUCH apabila Mr Tan Boon Koon, executive director MTOUCH pada 13nov2020 mengatakan melalui Shanghai Fosun Long March rakan pengilangnya telah berbincang dengan induknya Shanghai Fosun Pharmaceutical Group untuk mengedarkan Vaksin dari kerjasama antara Biontech dari German dan Pfizer dari USA.
Di masa ini testkid edaran MTOUCH telah mendapat kelulusan MOH untuk di gunakan.
Nexgram akan melakukan di lapangan dan MLABS Sebagai makmal pemprosesan sample. 11/12/2020 10:08 AM
in i3, those putting hatred message mostly are those wish to sapu low price 090. Today last day, last 30 mins if no water fish selling at 090 then they will start picking 095 and so on. lets see.
@ SmallFishThinkBig in i3, those putting hatred message mostly are those wish to sapu low price 090. Today last day, last 30 mins if no water fish selling at 090 then they will start picking 095 and so on. lets see. 11/12/2020 10:20 AM
Suruh mereka ambil gambar makmal/lab dan share ya macam AT systems :)
@Good123 Mlabs Systems Says Unit To Acquire Property For 7 Mln RGT
Sept 24 (Reuters) - Mlabs Systems Bhd <MLBS.KL>::UNIT NEXT GEN BIOSCIENCES SDN BHD TO ACQUIRE PROPERTY FROM VENUS ASSETS SDN BHD FOR 7 MILLION RGT. 11/12/2020 10:06 AM
Good123 PM membuat kenyataan tentang Vaksin namun tidak memacakkan harga kerana beberapa faktor dalam kaunter yang terlibat.
Saya fikir rally akan kick start minggu depan setidaknya kaunter MTOUCH jika KANGER masih dalam urusan PP dan pullback yang belum sempurna.
Berita Pfizer sangat dekat dengan MTOUCH apabila Mr Tan Boon Koon, executive director MTOUCH pada 13nov2020 mengatakan melalui Shanghai Fosun Long March rakan pengilangnya telah berbincang dengan induknya Shanghai Fosun Pharmaceutical Group untuk mengedarkan Vaksin dari kerjasama antara Biontech dari German dan Pfizer dari USA.
Di masa ini testkid edaran MTOUCH telah mendapat kelulusan MOH untuk di gunakan.
Nexgram akan melakukan di lapangan dan MLABS Sebagai makmal pemprosesan sample. 11/12/2020 10:08 AM
yaya...buy buy buy, cash rich company and make Tan Eat Shit rich, operating expenses increase 3x in one yr time, earnings drop more than 6x times, fxxking good company.....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CityHuntEr
626 posts
Posted by CityHuntEr > 2020-12-11 09:22 | Report Abuse
I think credit s keep throwing the ticket...