NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING N2N CONNECT BERHAD (“N2N” OR “COMPANY”) • PROPOSED PRIVATE PLACEMENT; • PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND • PROPOSED M&A AMENDMENT
N2N CONNECT BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description N2N CONNECT BERHAD (“N2N” OR “COMPANY”)
• PROPOSED PRIVATE PLACEMENT;
• PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
• PROPOSED M&A AMENDMENT
On behalf of the Board of Directors of N2N (“Board”), HwangDBS Investment Bank Berhad (“HwangDBS”) wishes to announce that the Company has: (1) on 24 April 2014, entered into Subscription Agreements (“SA(s)”) with Nikkei Inc. (Company Registration No. 0100-01-033086) and QUICK Corp. (Company Registration No. 0100-01-015075) respectively, both companies incorporated in Japan to undertake a proposed private placement of a total of 122,027,600 new ordinary shares of RM0.10 each in the Company (“N2N Shares”) (“Placement Shares”) representing up to approximately 28% of the enlarged issued and paid-up share capital of the Company at an issue price of RM0.89 per Placement Share (“Proposed Private Placement”); (2) proposed to undertake an increase in the authorised share capital of N2N from RM50,000,000 comprising 500,000,000 N2N Shares to RM100,000,000 comprising 1,000,000,000 N2N Shares (“Proposed Increase in Authorised Share Capital”); and (3) proposed to undertake an amendment to the Memorandum and Articles of Association (“M&A”) of N2N as a consequence to the Proposed Increase in Authorised Share Capital (“Proposed M&A Amendment”). (collectively referred to as the “Proposals”) Further details on the Proposals are set out in the attachment. This announcement is dated 24 April 2014.
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....
AC Gan
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Posted by AC Gan > 2014-04-17 17:13 | Report Abuse
Its Marvellous what N2N can do for you...!! Marvel LADY...!!!
I Share you EXCITEMENT...!!!