NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING N2N CONNECT BERHAD ("N2N" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF 52,041,431 NEW ORDINARY SHARES IN N2N ("PLACEMENT SHARE(S)"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN N2N (EXCLUDING TREASURY SHARES), TO SBI HOLDINGS. INC. AT AN ISSUE PRICE OF RM1.25 PER PLACEMENT SHARE ("PROPOSED PRIVATE PLACEMENT")

N2N CONNECT BERHAD

Latest issued share capital after the above corporate proposal in the following

  Type   Announcement
  Subject   NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
  Description   N2N CONNECT BERHAD ("N2N" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF 52,041,431 NEW ORDINARY SHARES IN N2N ("PLACEMENT SHARE(S)"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN N2N (EXCLUDING TREASURY SHARES), TO SBI HOLDINGS. INC. AT AN ISSUE PRICE OF RM1.25 PER PLACEMENT SHARE ("PROPOSED PRIVATE PLACEMENT")

On behalf of the Board of Directors of N2N, Affin Hwang Investment Bank Berhad wishes to announce that the Company proposes to undertake a proposed private placement of 52,041,431 new ordinary shares in N2N (“Placement Share(s)”), representing 10% of the total number of issued shares in N2N (excluding treasury shares), to SBI Holdings. Inc. at an issue price of RM1.25 per Placement Share (“Proposed Private Placement”).

Further details of the Proposed Private Placement are set out in the attachment.

This announcement is dated 6 June 2018.

Please refer attachment below.

Attachments

N2N Connect Berhad - Announcement 06.06.2018-Final.pdf