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Proposed Placement Of Up To 5,420,720 New Ordinary Shares - Receipt Of Approval In-Principle

BackApr 03, 2019
Announcement Title Placements
Date & Time of Broadcast Apr 3, 2019 8:20
Status Replace
Announcement Sub Title PROPOSED PLACEMENT OF UP TO 5,420,720 NEW ORDINARY SHARES
Announcement Reference SG190326OTHRM0Y2
Submitted By (Co./ Ind. Name) Lim Kai Ching
Designation Group CFO
Description (Please provide a detailed description of the event in the box below) Please see attached.

The Company's registered share capital is in United States Dollars ("USD"). The "Capital Amount - New" listed under "Additional Details" below is derived by adding the maximum gross proceeds (represented by the New Shares Issued of 5,420,720 multiplied by Offer Price of SGD1.08 converted to USD at an exchange rate of SGD1.35/USD) to the amount listed under "Capital Amount - Old".

The Company has on 2 April 2019 received approval in-principle from the Singapore Exchange Securities Trading Limited for the listing and quotation of the Placement Shares. Please see attachment for further information.
Additional Details
Capital Amount-Old USD 109,275,956
Capital Amount-New USD 113,612,532
No. of Existing Outstanding Shares 46,979,280
New Shares Issued 5,420,720
Offer Price SGD 1.08

Attachments

  1. Share Placement (Size: 62,778 bytes)
  2. Receipt Of AIP (Size: 49,015 bytes)