OTHERS FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"] -ANNOUNCEMENT PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS

Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC
Date Announced 04 Jul 2022
Category General Announcement for PLC
Reference Number GA1-01072022-00021

Type Announcement
Subject OTHERS
Description
FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]
-ANNOUNCEMENT PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS

Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, FINTEC GLOBAL BERHAD (“FINTEC” or “the Company”) wishes to announce that as at 4 July 2022, the aggregate value of quoted securities disposed by Asiabio Capital Sdn. Bhd. and Fintec Global Limited, the wholly-owned subsidiaries of the Company, that are principally involved in the investment in marketable securities, that has not been announced for the preceding twelve (12) months has exceeded 5% of FINTEC’s latest audited consolidated net assets as at 30 June 2021. The details of the investment in the quoted securities are as follows:-

 

   

RM

% of FINTEC's latest audited consolidated net assets

a.

Aggregate purchase consideration within the preceding twelve (12) months

 -

-

     

b.

Aggregate sale consideration within the preceding twelve (12) months

17,801,513.72

6.15%

   

RM

c.

Investments in quoted securities as at 4 July 2022

 
 

- Total Cost

195,738,450.41

 

- Total Book Value

94,485,623.51

 

- Total Market Value

94,427,812.71

     

d.

Net Loss arising from the disposal of quoted securities by FINTEC Group during the current financial year ending 30 June 2023 (Sales proceeds less investment cost and incidental expenses)

-1,932,261.38

 

The disposal of the quoted securities as announced were made within the period from 22 December 2021 to 30 June 2022.

 

This announcement is dated 4 July 2022.

 






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