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【FINTEC 0150 交流专区】（前名 ASIABIO）
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发表于 22-3-2020 02:27 AM
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| 1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | Conversion of Preference Shares | Details of corporate proposal | Conversion of Irredeemable Convertible Preference Shares | No. of shares issued under this corporate proposal | 15,400,900 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.1600 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 660,465,305 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 151,196,881.120 | Listing Date | 03 Dec 2019 |
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发表于 22-3-2020 07:18 AM
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| 1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | Conversion of Preference Shares | Details of corporate proposal | Conversion of Irredeemable Convertible Preference Shares | No. of shares issued under this corporate proposal | 19,155,600 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.1600 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 679,620,905 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 151,196,881.120 | Listing Date | 05 Dec 2019 |
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发表于 28-3-2020 07:51 AM
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| 1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | Conversion of Preference Shares | Details of corporate proposal | Conversion of Irredeemable Convertible Preference Shares | No. of shares issued under this corporate proposal | 12,349,000 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.1600 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 705,041,305 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 151,196,881.120 | Listing Date | 19 Dec 2019 |
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发表于 2-4-2020 06:19 AM
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| | 2. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | ESOS | Details of corporate proposal | Share Issuance Scheme | No. of shares issued under this corporate proposal | 33,777,000 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0550 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 745,557,805 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 153,695,886.010 | Listing Date | 31 Dec 2019 |
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发表于 13-4-2020 07:57 AM
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| 1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | Conversion of Preference Shares | Details of corporate proposal | Conversion of Irredeemable Convertible Preference Shares | No. of shares issued under this corporate proposal | 1,600,000 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.1600 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 749,936,805 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 153,695,886.010 | Listing Date | 23 Jan 2020 | | 2. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | ESOS | Details of corporate proposal | Share Issuance Scheme | No. of shares issued under this corporate proposal | 35,000,000 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0500 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 784,936,805 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 155,445,886.010 | Listing Date | 23 Jan 2020 |
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发表于 19-4-2020 08:38 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]- PROPOSED ACQUISITION OF ADDITIONAL 8,080,000 ORDINARY SHARES IN KOMARKCORP BERHAD ("PROPOSED ACQUISITION") | Reference is made to the Company’s earlier announcement dated 17 September 2019 (“First Announcement”) wherein the Board of Directors of FINTEC (“Board”) announced that Asiabio Capital Sdn. Bhd. (“Asiabio” or the “Purchaser”), a wholly-owned subsidiary of FINTEC, had on even date entered into a Sale and Purchase of Shares Agreement (“First Agreement”) with Koh Hong Muan @ Koh Gak Siong (“KOH”) and Aimas Enterprise Sdn. Bhd. (“AIMAS”) (collectively referred to as the “Vendors”) for the acquisition by Asiabio of 32,800,000 ordinary shares (“KMC Shares”) in Komarkcorp Berhad (“KMC”) from the Vendors at RM0.50 per KMC Share for a total cash consideration of RM16,400,000.00 (“First Sale Shares”).
Further to the above, the Board wishes to announce that Asiabio had on 11 February 2020 entered into a supplemental agreement (“Supplemental Agreement”) with the Vendors for the acquisition by Asiabio of an additional 8,080,000 KMC Shares (“Second Sale Shares”) from AIMAS at RM0.50 per KMC Share for a total cash consideration of RM4,040,000.00.
Please refer to the attachment below for more details. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3022757
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发表于 21-4-2020 07:58 AM
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Type | Announcement | Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING | Description | FINTEC GLOBAL BERHAD ("FINTEC" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 235,481,000 NEW ORDINARY SHARES IN FINTEC, REPRESENTING UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF FINTEC, TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER | On behalf of the Board of Directors of Fintec (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities” or the “Principal Adviser”) wishes to announce that the Company proposes to undertake the private placement of up to 235,481,000 new ordinary shares in Fintec (“Fintec Shares” or “Shares”), representing up to 30% of the total number of issued shares of Fintec, to independent third party investors to be identified later, at an issue price to be determined later (“Placement Shares”) (“Proposed Private Placement”).
Please refer to the attachment for further details on the Proposed Private Placement.
This announcement is dated 17 February 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3024109
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发表于 3-5-2020 07:12 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2019 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Dec 2019 | 31 Dec 2018 | 31 Dec 2019 | 31 Dec 2018 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 4,160 | 5,477 | 14,188 | 14,804 | | 2 | Profit/(loss) before tax | 76,491 | -7,259 | 172,653 | -26,568 | | 3 | Profit/(loss) for the period | 76,491 | -7,265 | 172,653 | -26,574 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 76,492 | -7,262 | 172,658 | -26,564 | | 5 | Basic earnings/(loss) per share (Subunit) | 11.84 | -1.38 | 27.37 | -4.49 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.4364 | 0.3525
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发表于 5-5-2020 07:05 AM
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| 1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | Conversion of Preference Shares | Details of corporate proposal | Conversion of Irredeemable Convertible Preference Shares | No. of shares issued under this corporate proposal | 200,000 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.1600 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 793,036,805 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 156,023,386.010 | Listing Date | 04 Mar 2020 | | 2. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | ESOS | Details of corporate proposal | Share Issuance Scheme | No. of shares issued under this corporate proposal | 17,000,000 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0400 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 810,036,805 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 156,703,386.010 | Listing Date | 04 Mar 2020 |
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发表于 6-5-2020 08:31 AM
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Type | Announcement | Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING | Description | FINTEC GLOBAL BERHAD ("FINTEC" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 235,481,000 NEW ORDINARY SHARES IN FINTEC, REPRESENTING UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF FINTEC, TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER | (For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 17 February 2020 in relation to the Proposed Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcement dated 17 February 2020 in relation to the Proposed Private Placement (“First Announcement”).
On behalf of the Company, Mercury Securities wishes to announce that the Board has resolved to utilise the proceeds from the Proposed Private Placement in the manner as set out in the attachment.
This announcement is dated 6 March 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3031840
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发表于 26-5-2020 08:14 AM
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Type | Announcement | Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING | Description | FINTEC GLOBAL BERHAD (''FINTEC'' OR THE ''COMPANY'')(I) DEFERMENT OF THE PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY; AND(II) PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY | Reference is made to the circular to the shareholders of the Company dated 11 March 2020 in relation to the proposed private placement of up 30% of the total number of issued shares of the Company (“30% Private Placement”).
Pursuant to the movement control order (“MCO”) issued by the Malaysian government on 16 March 2020 to contain the COVID-19 outbreak, all government and private premises except those involved in essential services are to be closed during the period that the MCO takes effect. On 25 March 2020, the Government of Malaysia announced that the MCO is extended to 14 April 2020.
Following the above, the Board of Directors of Fintec (“Board”) had on 27 March 2020 announced the deferment of the extraordinary general meeting (“EGM”) to be convened in relation to the 30% Private Placement to a date to be announced later.
Subsequently, on 10 April 2020, the Government of Malaysia announced that the MCO is extended further to 28 April 2020.
Hence, on behalf of the Board, Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that, given the extraordinary circumstances arising from the unprecedented COVID-19 outbreak and after due consideration:-
(i) the Board has resolved to defer the 30% Private Placement for the time being and will revisit the same upon upliftment of the MCO; and
(ii) the Company proposes to undertake the private placement of new ordinary shares in Fintec (“Fintec Shares” or “Shares”) of up to 10% of the total number of issued shares of the Company to independent third party investors to be identified later and at an issue price to be determined later (“Placement Shares”) (“Proposed Private Placement”).
Further details of the above are set out in the attachment below.
This announcement is dated 15 April 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3044228
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发表于 27-5-2020 08:02 AM
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Type | Announcement | Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING | Description | FINTEC GLOBAL BERHAD (''FINTEC'' OR THE ''COMPANY'')PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY | (For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 15 April 2020 in relation to the Proposed Private Placement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the announcement dated 15 April 2020 in relation to the Proposed Private Placement (“First Announcement”).
On behalf of the Board, Mercury Securities wishes to announce the following additional information:-
1. EARNINGS AND EARNINGS PER SHARE
The Board expects the Proposed Private Placement to contribute positively to the future earnings of the Group via the utilisation of proceeds as set out in Section 3 of the First Announcement.
The proceeds to be raised from the Proposed Private Placement will be utilised mainly for the Group’s working capital. The additional working capital funds will help to support the day-to-day operations of the Group as it focuses on strengthening its investing activities including nurturing its investments in incubatee companies. In turn, these investments are expected to contribute positively to the future earnings of the Group.
This announcement is dated 17 April 2020.
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发表于 2-6-2020 01:06 AM
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| 1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | Private Placement | Details of corporate proposal | Private Placement of up to 10% of the total number of issued shares of the Company | No. of shares issued under this corporate proposal | 82,110,000 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0361 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 911,361,955 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 160,357,005.010 | Listing Date | 04 May 2020 |
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发表于 4-6-2020 07:18 AM
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| 1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | ESOS | Details of corporate proposal | Share Issuance Scheme | No. of shares issued under this corporate proposal | 29,121,000 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0400 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 940,482,955 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 161,663,429.010 | Listing Date | 13 May 2020 |
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发表于 6-6-2020 06:50 AM
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Type | Announcement | Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING | Description | FINTEC GLOBAL BERHAD (''FINTEC'' OR THE ''COMPANY'')PROPOSED PRIVATE PLACEMENT OF UP TO 282,144,000 NEW ORDINARY SHARES IN FINTEC, REPRESENTING 30% OF THE TOTAL NUMBER OF ISSUED SHARES OF FINTEC, TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER | On behalf of the Board of Directors of the Company (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities” or the “Principal Adviser” or the “Placement Agent”) wishes to announce that the Company proposes to undertake the private placement of up to 282,144,000 new ordinary shares in the Company (“Fintec Shares” or “Shares”), representing 30% of the total number of issued shares of the Company, to independent third party investors to be identified later at an issue price to be determined later (“Placement Shares”) (“Proposed Private Placement”).
Please refer to the attachment for further details on the Proposed Private Placement.
This announcement is dated 14 May 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3050121
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发表于 13-6-2020 05:25 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]- SUBSCRIPTION OF RIGHTS AND EXCESS SHARES OF AT SYSTEMATIZATION BERHAD PURSUANT TO RULE 9.19(26) AND RULE 10.06 OF THE ACE MARKET LISTING REQUIREMENTS | The Board of Directors of FINTEC wishes to announce that its wholly-owned subsidiary, Asiabio Capital Sdn. Bhd. (“ABC”), that is principally involved in the trading of marketable securities has on 16 May 2020 acquired 421,600,000 new ordinary shares of AT Systematization Berhad (“ATS”) via the subscription of the rights and excess shares of ATS at an issue price of RM0.035 each (“Shares”), representing 28.29% equity interest of the enlarged share capital in ATS, for a total cash consideration of RM14,756,000 (“Consideration”). Pursuant to the acquisition, ABC will also be issued 316,200,000 free Warrants C of ATS (hereinafter referred to as the “Subscription”).
Please refer to the attachment for more details. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3053428
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发表于 11-7-2020 08:33 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]- SUBSCRIPTION OF RIGHTS AND EXCESS SHARES OF AT SYSTEMATIZATION BERHAD PURSUANT TO RULE 9.19(26) AND RULE 10.06 OF THE ACE MARKET LISTING REQUIREMENTS | We refer to the announcement dated 27 May 2020.
On behalf of the Board of Directors of the Company, we wish to make further amendment to the announcement dated 27 May 2020 as follows:-
a) Item 1 – Introduction:
The Board of Directors of FINTEC wishes to announce that its wholly-owned subsidiary, Asiabio Capital Sdn. Bhd. (“ABC”), that is principally involved in the trading of marketable securities has on 16 May 2020 18 May 2020 acquired 421,600,000 new ordinary shares of AT Systematization Berhad (“ATS”) via the subscription of the rights and excess shares of ATS at an issue price of RM0.035 each (“Shares”), representing 28.29% equity interest of the enlarged share capital in ATS, for a total cash consideration of RM14,756,000.00 (“Consideration”). Pursuant to the acquisition, ABC will also be issued 316,200,000 free Warrants C of ATS (hereinafter referred to as the “Subscription”).
Please refer to the announcement dated 27 May 2020 for more details.
Furthermore, we wish to announce that the Subscription has been completed on 22 May 2020 following the listing and quotation of the Shares and Warrants C as per the timeframe detailed hereunder:-.
1) 421,600,000 new Shares of ATS and 316,200,000 Warrants C were allotted to ABC on 18 May 2020.
2) 421,600,000 new Shares of ATS and 316,200,000 Warrants C were credited to ABC on 21 May 2020.
3) 421,600,000 new Shares of ATS and 316,200,000 Warrants C were listed on 22 May 2020.
This announcement is dated 29 May 2020.
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发表于 1-8-2020 08:53 AM
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Type | Announcement | Subject | MATERIAL LITIGATION | Description | FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]- LITIGATION INITIATED AND COMMENCED BY FINTEC GLOBAL LIMITED, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AGAINST GALAXY GROUP SDN. BHD. | The Board of Directors of FINTEC wishes to announce that its wholly-owned subsidiary in British Virgin Islands, Fintec Global Limited, has initiated and commenced legal proceedings at the High Court of Malaya in Kuala Lumpur against Galaxy Group Sdn. Bhd. (“Galaxy”), in relation to the dispute arising from the Share Subscription Agreements (Subscription of Redeemable Convertible Preference Shares in Galaxy Group Sdn. Bhd.) dated 17 August 2018 and 11 September 2018 respectively (collectively referred to as “RCPS Agreements”). Fintec Global Limited has on 2 June 2020 e-filed its Writ of Summons and Statement of Claim at the High Court of Malaya in Kuala Lumpur against Galaxy and its directors wherein the total estimation of the claim is approximately RM5,456,000.00, excluding disbursements, interests and costs of the legal proceedings.
The Company will make further announcement as and when there are material developments in relation thereof.
This announcement is dated 2 June 2020.
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Type | Reply to Query | Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-04062020-00002 | Subject | LITIGATION INITIATED AND COMMENCED BY FINTEC GLOBAL LIMITED, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AGAINST GALAXY GROUP SDN. BHD. ("LITIGATION") | Description | FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]- LITIGATION INITIATED AND COMMENCED BY FINTEC GLOBAL LIMITED, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AGAINST GALAXY GROUP SDN. BHD. (LITIGATION) | Query Letter Contents | We refer to your Company’s announcement dated 2 June 2020, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1. The particulars of the claim under the Litigation, including the interest rate and other relief sought. 2. The details of events leading to the commencement of Litigation. 3. The estimated potential liability to the Fintec Group arising from the Litigation. 4. The financial and operational impact to the Fintec Group. | We refer to the Company’s earlier announcement dated 2 June 2020 in relation to the litigation initiated and commenced by Fintec Global Limited (“FGL”), a wholly-owned subsidiary of the Company against Galaxy Group Sdn. Bhd. (“Galaxy”) and both of its directors (“the Litigation Proceeding”).
The Board of Directors of FINTEC (“the Board”) wishes to further announce the following: -
1. The details of events leading to the commencement of Litigation:-
- On 17 August 2018, FGL had entered into a Share Subscription Agreement (“First SSA”) with Galaxy Group Sdn. Bhd. (“Galaxy”) for the subscription of 2,000,000 redeemable convertible preference shares (“RCPS”) valued at RM1.00 each in Galaxy for a total cash consideration of RM2,000,000.00 (Ringgit Malaysia Two Million);
- On 11 September 2018, FGL had entered into another Share Subscription Agreement (“Second SSA”) with Galaxy for a further subscription of additional 2,484,000 RCPS valued at RM1.00 each in Galaxy for a total cash consideration of RM2,484,000.00 (Ringgit Malaysia Two Million Four Hundred and Eighty Four Thousand) subject to the fulfillment of Conditions Precedent as follows:-
- the Board of Directors of Galaxy and the Holding Company approving the issue and allotment to FGL and the Board of FGL approving the subscription of the RCPS;
- there being no adverse changes, to be determined by FGL at its absolute discretion via a due diligence process, in relation to Galaxy’s business and undertakings; and
- Galaxy fully redeems the First RCPS Subscription from FGL;
within 6 months from the date of the Second SSA, which fell on 10 March 2019.
- As a gesture of goodwill, FGL had granted to Galaxy two (2) times of extension of time under the First SSA for the redemption of the RCPS to Galaxy until 27 August 2019 and another extension of time under the Second SSA until 10 August 2019 in order for Galaxy to fulfil the obligations in the First SSA and the conditions precedent stipulated in the Second SSA.
- Nevertheless, Galaxy had failed to fulfil its obligations in the First SSA and the conditions precedent stipulated in the Second SSA. The Litigation Proceeding was initiated and commenced against Galaxy (“First Defendant”) and both of its directors (“Second and Third Defendants”) pursuant to the termination of the First SSA and the Second SSA respectively on the grounds of breach of agreement and fraudulent trading committed pursuant to Section 540 of the Companies Act 2016.
2. The particulars of the claim under the Litigation, including the interest rate and other relief sought:-
The claims of FGL are as follows: -
- A declaration by the High Court of Malaya in Kuala Lumpur (“High Court”) that the First Defendant has breached the First SSA and the Second SSA;
- A declaration by the High Court that the First Defendant has committed fraudulent trading to defraud FGL;
- A declaration by the High Court that the Second and the Third Defendants, as the directors of the First Defendant, has at all material times conspired with the First Defendant to defraud FGL;
- Special damages amounting to RM2,000,000.00 pursuant to the termination of the First SSA;
- Special damages amounting to RM492,000.00 for all outstanding accrued preferential dividends payable under the First SSA;
- Special damages amounting to RM2,484,000.00 pursuant to the termination of the Second SSA;
- Special damages amounting to RM480,000.00 for all late allotment charges under the Second SSA;
- Exemplary damages;
- Aggravated damages;
- General damages to be determined by the High Court;
- Interest of 5% per annum on the judgement sum calculated from the date of the judgement until the date of full repayment of the judgment sum.
- Costs; and
- Any other reliefs that the High Court deems fit.
A case management date has been set by the High Court on 23 June 2020.
3. The estimated potential liability to the Company arising from the Litigation:-
The Litigation Proceeding shall not impose any material liability on the Company.
4. The financial and operational impact to the Company:-
The Litigation Proceeding against Galaxy and its directors is funded entirely from internally generated funds of the Company and shall not have any material impact on the financial and operational position of the Company.
The Company will make further announcement(s) as and when there are material developments in relation thereof.
This announcement is dated 5 June 2020.
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发表于 2-8-2020 04:55 AM
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| 1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | ESOS | Details of corporate proposal | Share Issuance Scheme | No. of shares issued under this corporate proposal | 11,678,900 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0600 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 961,968,855 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 162,364,163.010 | Listing Date | 10 Jun 2020 |
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发表于 3-8-2020 08:58 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]- PROPOSED ACQUISITION OF ORDINARY SHARES IN KOMARKCORP BERHAD ("PROPOSED ACQUISITION") | Reference is made to the earlier announcements made by the Board of Directors of FINTEC (“Board”) in relation to the Proposed Acquisition as follows:-
(i) announcement dated 17 September 2019 (“First Announcement”) wherein Asiabio Capital Sdn. Bhd. (“Asiabio” or the “Purchaser”), a wholly-owned subsidiary of FINTEC, had entered into a Sale and Purchase of Shares Agreement (“First Agreement”) with Koh Hong Muan @ Koh Gak Siong (“KOH”) and Aimas Enterprise Sdn. Bhd. (“AIMAS”) (collectively referred to as the “Vendors”) for the acquisition by Asiabio of 32,800,000 ordinary shares in Komarkcorp Berhad (“KMC”) (“KMC Shares”) (“First Sale Shares”) from the Vendors at RM0.50 per KMC Share for a total cash consideration of RM16,400,000.00; and
(ii) announcement dated 11 February 2020 (“Second Announcement”) wherein Asiabio had entered into a supplemental agreement (“First Supplemental Agreement”) with the Vendors for the acquisition by Asiabio of an additional 8,080,000 KMC Shares (“Second Sale Shares”) from AIMAS at RM0.50 per KMC Share for a total cash consideration of RM4,040,000.00.
Further to the above, the Board wishes to announce that Asiabio had on 9 June 2020 entered into another supplemental agreement (“Second Supplemental Agreement”) with the Vendors to vary the purchase price for the Proposed Acquisition from RM0.50 per KMC Share to RM0.40 per KMC Share.
Please refer to the attachment below for more details. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3057091
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