Placements::PLACEMENT OF 111,373,400 NEW ORDINARY SHARES AND 83,857,442 CONVERTIBLE LOAN NOTE

Issuer & Securities

Announcement Title: Placements
Date &Time of Broadcast: 05-Aug-2020 14:03:41
Status: New
Announcement Sub Title: PLACEMENT OF 111,373,400 NEW ORDINARY SHARES AND 83,857,442 CONVERTIBLE LOAN NOTE
Announcement Reference: SG200805OTHRTVCP
Submitted By (Co./ Ind. Name): DR COLIN CHAN KUM LOK
Designation: CHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below): 1. PROPOSED SHARE PLACEMENT OF:
a. 100,873,400 NEW ORDINARY SHARES IN THE CAPITAL OF ADDVALUE TECHNOLOGIES LTD AT A
PLACEMENT PRICE OF S$0.02385 PER PLACEMENT SHARE; AND
b. 10,500,000 NEW ORDINARY SHARES IN THE CAPITAL OF ADDVALUE TECHNOLOGIES LTD AT A PLACEMENT
PRICE OF S$0.02385 PER PLACEMENT SHARE AS PART OF THE RESTRUCTURING OF AN EXISTING
CONVERTIBLE LOAN NOTE

2. ISSUE OF A CONVERTIBLE LOAN NOTE IN THE PRINCIPAL AMOUNT OF S$2.0 MILLION CONVERTIBLE INTO
83,857,442 NEW ORDINARY SHARES IN THE CAPITAL OF ADDVALUE TECHNOLOGIES LTD AT A
CONVERSION PRICE OF S$0.02385 PER SHARE

3. OTHER UPDATES

Please refer to the attachment for details.

Total size =780K