Placements::APPROVAL IN-PRINCIPLE IN RELATION TO PLACEMENT OF 135,120,000 NEW ORDINARY SHARES

Issuer & Securities

Issuer/ Manager
ADDVALUE TECHNOLOGIES LTD
Securities
ADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
05-Aug-2022 21:58:25
Status
New
Announcement Sub Title
APPROVAL IN-PRINCIPLE IN RELATION TO PLACEMENT OF 135,120,000 NEW ORDINARY SHARES
Announcement Reference
SG220805OTHRLIOR
Submitted By (Co./ Ind. Name)
DR CHAN KUM LOK COLIN
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
RECEIPT OF APPROVAL IN-PRINCIPLE FROM THE SGX-ST IN RELATION TO PLACEMENT OF 135,120,000 NEW ORDINARY SHARES AT AN ISSUE PRICE OF S$0.0148 PER SHARE COMPRISING:

67,560,000 NEW ORDINARY SHARES TO THEG PTE. LTD.; AND

67,560,000 NEW ORDINARY SHARES TO PY OPULENCE INVESTMENT PTE. LTD.

Please refer to the attachment for details.

Additional Details

Capital Amount-Old
SGD 116,521,385
Capital Amount-New
SGD 118,521,161
No. of Existing Outstanding Shares
3,086,911,975
New Shares Issued
135,120,000
Offer Price
SGD 0.0148

Attachments

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11/08/2022 20:34:56