On behalf of the Board of Directors of SMTrack, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake a proposed settlement of debt owing by SMT Turbojet Resources Sdn Bhd, a wholly-owned subsidiary of SMTrack to Southborn Capital Sdn Bhd, a wholly-owned subsidiary of CN Asia Corporation Bhd (“CN Asia”) via the issuance of up to 218,000,000 ordinary shares in SMTrack (“Settlement Shares”) to CN Asia at an issue price of RM0.035 per Settlement Share (“Proposed Debt Settlement”).

Further details of the Proposed Debt Settlement are set out in the attachment below.


This announcement is dated 26 June 2024.