NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING LKL INTERNATIONAL BERHAD ("LKL" OR THE "COMPANY") PRIVATE PLACEMENT
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as those defined in the announcement dated 23 November 2021 (“Initial Announcement”), where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements dated 23 November 2021, 1 December 2021, 29 December 2021, 3 January 2022 and 7 January 2022.
On behalf of the Board, TA Securities wishes to announce that the Private Placement has been completed following the listing and quotation of 150,000,000 Placement Shares on the ACE Market of Bursa Securities on 13 January 2022.
Further, the Board wishes to inform that the Company has decided to issue and allot 150,000,000 Placement Shares, notwithstanding that the Minimum Scenario involves the issuance of up to 75,000,000 Placement Shares (on the assumption that the Private Placement is carried out after 31 December 2021). This is due to the following reasons:
(i) Following the letter by Bursa Securities dated 23 December 2021, the 20% General Mandate has been extended from the initial 31 December 2021 (“Expiry Date”) to 31 December 2022 provided that:
(a) the listed corporation had not utilised shareholders’ approval for the 20% General Mandate to issue new securities on or before the Expiry Date (complied by LKL as the Company did not utilise the 20% General Mandate in the past, partially or fully); or
(b) the listed corporation had not sought shareholders’ approval for the 20% General Mandate at a general meeting in 2021 (LKL had procured shareholders’ approval for the 20% General Mandate in its last general meeting on 13 October 2020 and did not hold any subsequent annual general meeting due to the change of its financial year end).
(ii) Bursa Securities had, vide its decision letter dated 3 January 2021 approved the listing of up to 150,000,000 Placement Shares;
(iii) The share price of LKL Shares has dropped since the Initial Announcement. From a closing price of RM0.115 per Share as at 23 November 2021 (being the date of the Initial Announcement), the Company’s share price has since dropped to a closing price of RM0.085 per Share as at 7 January 2022 (being the price-fixing date). Hence, the Company would need to issue a higher number of Placement Shares in order to raise sufficient funds to be used for the proposed utilisation set out in Section 3 of the Initial Announcement.
LKL INTERNATIONAL BERHAD ("LKL" OR "THE COMPANY") ACQUISITION IN AGGREGATE OF 250,000,000 NEW ORDINARY SHARES OF VIZIONE HOLDINGS BERHAD ("VIZIONE") BY ITS WHOLLY-OWNED SUBSIDIARY, LKL ADVANCE METALTECH SDN. BHD. ("LKLAM")
The Board of Directors of LKL (?Board?) wishes to announce that LKLAM, its wholly-owned subsidiary, had on 7 March 2022, acquired in aggregate of 250,000,000 new ordinary shares of Vizione at an issue price of RM0.08 each, representing 12.21% equity interest of the enlarged share capital of Vizione, for a total cash consideration of RM20,000,000.00 via the subscription of the excess rights shares with free warrants issued pursuant to the renounceable rights issue of new ordinary shares in Vizione (?Rights Shares?) on the basis of 1 Rights Share for every 1 existing ordinary share held in Vizione, together with the free detachable warrants on the basis of 1 Warrant for every 2 Rights Shares subscribed for (?the Subscription?). Pursuant to the Subscription, LKLAM will also be issued with 125,000,000 free Warrant E of Vizione.
Please refer to the attachment for further details about the Subscription. This announcement is dated 7 March 2022.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Particulars of substantial Securities Holder Name FOCUS DYNAMICS GROUP BERHAD 1 22 Mar 2022 5,869,000 Acquired Indirect Interest Name of registered holder Focus Dynamics Centre Sdn. Bhd. Acquisition of shares from open market via Focus Dynamics Centre Sdn. Bhd., a wholly owned subsidiary.
Direct (units) 0 Direct (%) 0 Indirect/deemed interest (units) 167,536,800 Indirect/deemed interest (%) 17.477 Total no of securities after change 167,536,800 Date of notice 29 Mar 2022
================ Penny stock FOCUS DYNAMICS investing in another penny stock
Changes in Director's Interest (Section 219 of CA 2016) Particulars of Director Name MR LIM MING CHANG 1 04/04/2022 13,000,000 Acquired Direct Interest Exercise of ESOS Total no of securities after change Direct (units) 14,700,000 Direct (%) 1.513 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0.000 Date of notice 05/04/2022
================ Details of corporate proposal ESOS No. of shares issued under this corporate proposal 13,000,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.0716 Latest issued share capital after the above corporate proposal in the following Units 971,600,600 Listing Date 06 Apr 2022
Changes in Director's Interest (Section 219 of CA 2016)
Particulars of Director Name MR LIM MING CHANG 1 08/04/2022 12,641,200 Disposed Direct Interest Consideration (if any) RM948,090.00 2 11/04/2022 2,058,800 Disposed Direct Interest Consideration (if any) RM154,410.00
Disposal of shares via open market
Total no of securities after change Direct (units) 0 Direct (%) 0.000 Indirect/deemed interest (units) 0 Indirect/deemed interest (%) 0.000 Date of notice 11/04/2022
================= Take note of entire disposal by director Good price to cash out ?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....