NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY") PRIVATE PLACEMENT

DAGANG NEXCHANGE BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
DAGANG NeXCHANGE BERHAD ("DNeX" OR THE "COMPANY")

PRIVATE PLACEMENT

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Private Placement.

We refer to the earlier announcements dated 28 July 2020, 12 August 2020, 13 August 2020 and 18 August 2020 in relation to the Private Placement.

On behalf of the Board, UOBKH wishes to announce that the Board had on 20 October 2020 resolved to fix the issue price for the Private Placement at RM0.1701 per Placement Share.

The issue price of RM0.1701 per Placement Share represents a discount of 10% to the 5-day VWAP of DNeX Shares up to and including 19 October 2020, being the last traded day of DNeX Shares immediately preceding the price-fixing date of RM0.1890 per DNeX Shares.

This announcement is dated 20 October 2020.






Announcement Info

Company Name DAGANG NEXCHANGE BERHAD
Stock Name DNEX
Date Announced 20 Oct 2020
Category General Announcement for PLC
Reference Number GA1-20102020-00120