MULTIPLE PROPOSALS TECHNA-X BERHAD ("TXB" OR "COMPANY") (I) CAPITAL REDUCTION; (II) DEBT SETTLEMENT; (III) SHARE CONSOLIDATION; AND (IV) RIGHTS ISSUE WITH WARRANTS; (COLLECTIVELY, THE "CORPORATE EXERCISES")
| TECHNA-X BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | TECHNA-X BERHAD ("TXB" OR "COMPANY")
(I) CAPITAL REDUCTION;
(II) DEBT SETTLEMENT;
(III) SHARE CONSOLIDATION; AND
(IV) RIGHTS ISSUE WITH WARRANTS;
(COLLECTIVELY, THE "CORPORATE EXERCISES") |
|
Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those stated in the circular to shareholders dated 16 January 2024 in relation to the Corporate Exercises.
Reference is made to the earlier announcements in relation to the Corporate Exercises.
On behalf of the Board of Directors of TXB, M&A Securities Sdn Bhd wishes to announce that the Company’s solicitors had confirmed that all conditions precedent set out in the Capitalisation Agreements have been fulfilled and the Capitalisation Agreements have become unconditional on 28 February 2024.
This announcement is dated 28 February 2024. |
|
Announcement Info
| Company Name | TECHNA-X BERHAD |
| Stock Name | TECHNAX |
| Date Announced | 28 Feb 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28022024-00058 |