MICROLINK SOLUTIONS BERHAD
|Subject||NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
|Description||MICROLINK SOLUTIONS BERHAD (“MICROLINK” OR THE “COMPANY”)
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN MICROLINK
On behalf of the Board of Directors of Microlink, M&A Securities Sdn Bhd wishes to announce that the Company proposes to undertake a private placement of up to 10% of the issued shares in Microlink (â€œProposed Private Placementâ€).
The Proposed Private Placement will be undertaken in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 obtained from the shareholders of the Company at its 16th Annual General Meeting, whereby the Board had been authorised to allot and issue new ordinary shares in Microlink not exceeding 10% of the issued shares of the Company.
Further details of the Proposed Private Placement are set out in the attachment below.
This announcement is dated 17 October 2019.