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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES TECHNA-X BERHAD ("TXB" OR "COMPANY") PROPOSED SETTLEMENT OF AN AGGREGATE AMOUNT OF RM36,000,000 DEBT OWING TO CREDITORS BY THE COMPANY VIA THE ISSUANCE OF 900,000,000 NEW ORDINARY SHARES IN TXB

TECHNA-X BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
TECHNA-X BERHAD ("TXB" OR "COMPANY")

PROPOSED SETTLEMENT OF AN AGGREGATE AMOUNT OF RM36,000,000 DEBT OWING TO CREDITORS BY THE COMPANY VIA THE ISSUANCE OF 900,000,000 NEW ORDINARY SHARES IN TXB

On behalf of the Board of Directors of TXB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to undertake the proposed settlement of an aggregate amount of RM36,000,000 debt owing to creditors by the Company (“Settlement Amount”) via the issuance of 900,000,000 new ordinary shares in TXB (“TXB Share(s)” or “Share(s)”) (“Settlement Share(s)”) (“Proposed Debt Settlement”).


Further details of the Proposed Debt Settlement are set out in the attachment.

 

This announcement is dated 23 June 2022.




Please refer attachment below.



Announcement Info

Company Name TECHNA-X BERHAD
Stock Name TECHNAX
Date Announced 23 Jun 2022
Category General Announcement for PLC
Reference Number GA1-23062022-00079


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