FAST

0.065

(%)

SUBSCRIPTION OF AN AGGREGATE OF 140,000,000 RIGHTS SHARES AND EXCESS RIGHTS SHARES OF VSOLAR GROUP BERHAD BY FAST ASSETS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FAST ENERGY HOLDINGS BERHAD ("FEHB") ("SUBSCRIPTION")

FAST ENERGY HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-08042024-00001
Subject SUBSCRIPTION OF AN AGGREGATE OF 140,000,000 RIGHTS SHARES AND EXCESS RIGHTS SHARES OF VSOLAR GROUP BERHAD BY FAST ASSETS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FAST ENERGY HOLDINGS BERHAD ("FEHB") ("SUBSCRIPTION")
Description 
FAST ENERGY HOLDINGS BERHAD ("FEHB" OR "THE COMPANY")
SUBSCRIPTION OF AN AGGREGATE OF 140,000,000 RIGHTS SHARES AND EXCESS RIGHTS SHARES OF VSOLAR GROUP BERHAD BY FAST ASSETS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
Query Letter Contents

We refer to your Company’s announcement dated 5 April 2024, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) The audited net profits and net asset value of VSolar Group Berhad, based on the company’s latest audited consolidated financial statements.
2) The date of payment of the cash consideration of RM14 million.
3) The date of completion of the Subscription.
4) A breakdown between the number of rights shares that Fast Assets Sdn Bhd is entitled to and the number of excess rights shares subscribed.
5) To tabulate FEHB's and Fast Assets Sdn Bhd’s direct and indirect shareholdings and warrantholdings in VSolar Group Berhad before and after the Subscription.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,
Listing, 
Regulation

Cc : Market Surveillance Dept. , Securities Commission 

Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 5 April 2024 in relation to the Subscription.

 

The Board of Directors of FEHB wishes to inform that the Company has received Bursa Malaysia Securities Berhad’s ("Bursa Securities") request dated 8 April 2024 for additional information in relation to the Company’s announcement made on 5 April 2024. 

 

In view thereof, please refer to the attachment for additional information requested by Bursa Securities.

 

This announcement is dated 8 April 2024.

 

 

Please refer attachment below.

Attachments

FEHB - Subscription (additional information).pdf
179.7 kB


Announcement Info

Company Name FAST ENERGY HOLDINGS BERHAD
Stock Name FAST
Date Announced 08 Apr 2024
Category General Announcement for PLC
Reference Number GA1-08042024-00097


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