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

  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")

 

  We refer to the earlier announcement dated 6 June 2018, 7 June 2018, 12 June 2018 and 13 June 2018 ("Announcements").

  (Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

  On behalf of the Board, Affin Hwang IB wishes to announce that the Proposed Private Placement has been completed today.

  A total of 52,041,431 new N2N Shares were placed out pursuant to the Proposed Private Placement.

  This announcement is dated 14 June 2018.