NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING N2N CONNECT BERHAD ("N2N" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF 52,041,431 NEW ORDINARY SHARES IN N2N ("PLACEMENT SHARE(S)"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN N2N (EXCLUDING TREASURY SHARES), TO SBI HOLDINGS. INC. AT AN ISSUE PRICE OF RM1.25 PER PLACEMENT SHARE ("PROPOSED PRIVATE PLACEMENT")

N2N CONNECT BERHAD

  Type   Announcement
  Subject   NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
  Description   N2N CONNECT BERHAD ("N2N" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF 52,041,431 NEW ORDINARY SHARES IN N2N ("PLACEMENT SHARE(S)"), REPRESENTING 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN N2N (EXCLUDING TREASURY SHARES), TO SBI HOLDINGS. INC. AT AN ISSUE PRICE OF RM1.25 PER PLACEMENT SHARE ("PROPOSED PRIVATE PLACEMENT")

  We refer to the announcements dated 6 June 2018 and 7 June 2018 ("Announcements").

  (Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)

  On behalf of the Board, Affin Hwang IB is pleased to announce that Bursa Securities had vide its letter dated 12 June 2018, approved the listing and quotation of 52,041,431 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

  (i) N2N and Affin Hwang IB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Private Placement;

  (ii) N2N and Affin Hwang IB to inform Bursa Securities upon the completion of the Proposed Private Placement; and

  (iii) N2N to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is    completed.

  This announcement is dated 12 June 2018.