Type of Meeting Extraordinary Indicator Outcome of Meeting Date of Meeting 05 Aug 2020 Time 02:30 PM
Venue(s) LOT 8.1, 8TH FLOOR, MENARA LIEN HOE NO. 8, PERSIARAN TROPICANA TROPICANA GOLF & COUNTRY RESORT 47410 PETALING JAYA, SELANGOR Malaysia
Outcome of Meeting The Board of Directors of DGB Asia Berhad ("DGB" or "the Company") is pleased to announce that the resolution as prescribed in the Notice of Extraordinary General Meeting ("EGM") of the Company dated 21 July 2020 was duly passed by the shareholders of the Company by way of poll via remote participation and voting at the EGM of the Company.
The result of the poll was validated by Sharepolls Sdn. Bhd., the independent scrutineer appointed by the Company.
Please refer to the attachment for the details of the outcome.
This announcement is dated 5 August 2020.
Voting Results
1. Ordinary Resolution Description PROPOSED PRIVATE PLACEMENT OF UP TO 349,916,000 NEW ORDINARY SHARES IN DGB, REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF DGB, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER Shareholder’s Action For Voting Voted For Against No. of Shareholders 29 0 No. of Shares 77,994,877 0 % of Voted Shares 100.0000 0.0000 Result Accepted
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING DGB ASIA BERHAD ("DGB" OR THE "COMPANY") PRIVATE PLACEMENT OF UP TO 349,916,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER ("PRIVATE PLACEMENT") DGB ASIA BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description DGB ASIA BERHAD ("DGB" OR THE "COMPANY")
PRIVATE PLACEMENT OF UP TO 349,916,000 NEW ORDINARY SHARES IN THE COMPANY, REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY, TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER ("PRIVATE PLACEMENT") (For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 3 July 2020 in relation to the Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements in relation to the Private Placement dated 3 July 2020 and 10 July 2020.
On behalf of the Board, Mercury Securities wishes to announce that the Board had on to-date (“Price-fixing Date”) fixed the issue price for the placement of 349,916,000 Placement Shares at RM0.0566 per Placement Share (“Issue Price”).
The Issue Price represents a discount of 9.87% to the 5-day VWAP of the Shares up to and including 4 August 2020 of RM0.0628, being the last market day immediately preceding the Price-fixing Date.
It means that DGB shall maintain the price at least 0.0566 (after discount from 0.0628) or higher to to ensure win win situation for both DGB and 3rd Party partner who is going to take up PP. Hope with this news, the DGB price will continue sailing to the north.
Dont blame if price will boost up higher and later regret. DGB is a hidden gem ready to be unleash and soon price value is more than what its supposed to be.
DGB ASIA BERHAD (“DGB” OR “THE COMPANY”) REPLY TO QUERY FROM BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) DATED 5 AUGUST 2020 PERTAINING TO THE SUBSCRIPTION BY DGB OF ADDITIONAL 8,000,000 NEW ORDINARY SHARES OF USD0.125 EACH IN CLI INVESTMENT LIMITED (“CLI INVESTMENT”) FOR A SUBSCRIPTION CONSIDERATION OF USD998,851 (APPROXIMATELY RM4,245,115) Reference is made to the announcement of the Company dated 3 August 2020 (“Announcement”) and the letter dated 5 August 2020 (IQL-05082020-00001) from Bursa Securities in relation to the subscription by DGB of additional 8,000,000 new ordinary shares of USD0.125 each in CLI Investment for a subscription consideration of USD998,851 (Approximately RM4,245,115) in relation to the total subscription of 2,400,000 ordinary shares by the Company in CLI Investment. Unless otherwise stated, all abbreviations and definition used herein shall have the same meanings as those defined in the Announcement. The Board of Directors of DGB (“Board”) is pleased to furnish the following additional information as required:- 1. The date on which DGB paid the Subscription Consideration of USD998,851. The Subscription Consideration was paid on 29 July 2020 in accordance to Clause 2.1 of the SSA. 2. Whether the Subscription Consideration will be refunded to DGB with or without interest. If yes, state the percentage. Pursuant to Clause 2.3 of the SSA, prior to the due fulfilment of any Condition Precedent by the Parties, the Subscription Consideration shall be deemed to be held in trust by CLI Investment and shall at all material times be refunded without interest by CLI Investment to DGB in the event the SSA is terminated by either Party or the Parties fail to complete the subscription of the Subscribed Shares on or before the Completion Date or any other date determined by DGB in its absolute discretion. 3. The estimated timeframe to complete the Subscription. Pursuant to Clause 3.1 of the SSA, the Parties have one (1) month from the date of the SSA to fulfill the Condition Precedent stipulated in the SSA and pursuant to Clause 4.1 of the SSA, the subscription of the Subscribed Shares shall take place within three (3) days of the fulfilment of the Condition Precedent. This announcement is dated 6 August 2020.
gghaha...u faham ke x faham the content of the agreement and the reply fron bursa.Kalau x faham jgn keluar comment sarcastic.Dian2 jelah.jgn negative sgt
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....
ray8793
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Posted by ray8793 > 2020-08-05 15:49 | Report Abuse
chill