Placements::PROPOSED SUBSCRIPTION OF 1,200,000,000 ORDINARY SHARES FOR AN AGGREGATE CONSIDERATION OF S$2,552,400

Issuer & Securities

Issuer/ Manager
ELEKTROMOTIVE GROUP LIMITED
Securities
ELEKTROMOTIVE GROUP LIMITED - SG2F80993502 - 5VU
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
28-Nov-2016 07:52:26
Status
New
Announcement Sub Title
PROPOSED SUBSCRIPTION OF 1,200,000,000 ORDINARY SHARES FOR AN AGGREGATE CONSIDERATION OF S$2,552,400
Announcement Reference
SG161128OTHR2KN9
Submitted By (Co./ Ind. Name)
Ng Kai Man
Designation
Executive Director
Description (Please provide a detailed description of the event in the box below)
Please see attached.

This announcement has been prepared by Elektromotive Group Limited (the "Company") and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of the Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

Additional Details

Capital Amount-Old
SGD 140,048,694
Capital Amount-New
SGD 142,601,094
No. of Existing Outstanding Shares
2,435,525,365
New Shares Issued
1,200,000,000
Offer Price
SGD 0.002127

Attachments