Placements::PROPOSED PLACEMENT OF 27,777,778 NEW SHARES IN DRAGON GROUP INTERNATIONAL LIMITED AT S$0.09 EACH

Issuer & Securities

Issuer/ Manager
DRAGON GROUP INTL LIMITED
Securities
DRAGON GROUP INTL LIMITED - SG2C50963991 - MT1
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
22-Mar-2015 20:20:31
Status
New
Announcement Sub Title
PROPOSED PLACEMENT OF 27,777,778 NEW SHARES IN DRAGON GROUP INTERNATIONAL LIMITED AT S$0.09 EACH
Announcement Reference
SG150322OTHR0V6O
Submitted By (Co./ Ind. Name)
DATO' MICHAEL LOH SOON GNEE
Designation
EXECUTIVE CHAIRMAN & CEO
Description (Please provide a detailed description of the event in the box below)
Further to the Company's announcement made on 26 January 2015 in relation to the Placement, the Board of Directors of the Company is pleased to announce that the SGX-ST has, on 20 March 2015, granted its approval in-principle for the listing and quotation of up to 27,777,778 new ordinary shares in the capital of the Company to be issued at S$0.09 per Placement Share subject to certain conditions.

Additional Details

Capital Amount-Old
USD 58,175,000
Capital Amount-New
USD 60,034,000
No. of Existing Outstanding Shares
320,166,733
New Shares Issued
27,777,778
Offer Price
SGD 0.09

Attachments

DGI_Approval_In_Principle.pdf
Total size =25K