REPL::Placements::Proposed Placement of 135,135,136 New Ordinary Shares in the Capital of the Company
Issuer & Securities
Issuer/ Manager
V2Y CORPORATION LTD.
Securities
V2Y CORPORATION LTD. - SGXE31442804 - V2Y
Stapled Security
No
Announcement Details
Announcement Title
Placements
Date &Time of Broadcast
25-Jul-2024 12:18:34
Status
Replacement
Announcement Sub Title
Proposed Placement of 135,135,136 New Ordinary Shares in the Capital of the Company
Announcement Reference
SG240710OTHRR1HH
Submitted By (Co./ Ind. Name)
Ong Shen Chieh (Wang Shengjie)
Designation
Executive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
This is a replacement of the general announcement with the announcement reference "SG240724OTHRP4U7" released on 24 July 2024 in relation to the receipt of listing and quotation notice.
Please refer to the attached Company's announcement in relation to Proposed Placement of up to 135,135,136 new ordinary shares in the capital of the Company pursuant to the amended and restated placement agreement with each of the placees:
(1) Proposed subscription of 33,783,784 new ordinary shares at the issue price of S$0.0148 per share (First Placement Tranche)
(2) Convertible loan for an aggregate sum of S$1.5 million, repayable through the allotment and issuance of 101,351,352 new ordinary shares at a conversion price of S$0.0148 per share (Subsequent Tranche)
The announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the sponsor is Mr. Khong Choun Mun at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com.
Additional Details
Capital Amount-Old
SGD 3,913,094.32
Capital Amount-New
SGD 4,413,094.32
No. of Existing Outstanding Shares
353,885,908
New Shares Issued
33,783,784
Offer Price
SGD 0.0148
Attachments
C. V2Y Ann_Amended and Restated Framework Agreement_final.pdf
V2Y_Entry into 3 Placement Agreements_final.pdf
V2Y Ann_Receipt of LQN - final.pdf
Total size =561K
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