JAG subscribes for 60,000,000 Metal Bank shares for A$752,400, taking 6.17% stake
Bitget2026/10/14 09:32- JAG Bhd unit JAG Capital agreed to subscribe for 60,000,000 new shares in ASX-listed Metal Bank.
- Total consideration A$ 752,400 (about RM 2.15 million), paid in cash from internally generated funds.
- Issue price A$ 0.01254 per share, a 12% premium to MBK’s 5-day VWAP as at Oct. 9, 2026.
- Stake equals 6.17% of MBK’s enlarged share capital of 971,839,863 shares following the placement.
- Deal positioned as a long-term, non-controlling strategic investment to broaden exposure to upstream precious metals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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