Placements::Entry Into S$50,000,000 Subscription Agreement

Issuer & Securities

Issuer/ Manager
AEI CORPORATION LTD.
Securities
AEI CORPORATION LTD - SG1AJ1000006 - AWG
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
08-Aug-2017 18:34:51
Status
New
Announcement Sub Title
Entry Into S$50,000,000 Subscription Agreement
Announcement Reference
SG170808OTHRVJSG
Submitted By (Co./ Ind. Name)
Ngiam Zee Moey
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
(i) Entry Into S$50,000,000 Subscription Agreement - The Proposed Allotment and Issuance of up to 62,500,000 shares at an issue price of S$0.80 per share.

(ii) Proposed bonus issue of up to 27,119,659 free warrants, each warrant carrying the right to subscribe for one (1) new ordinary share in the capital of the company at an exercise price of s$1.00 for each new share and on the basis of one (1) warrant for every one (1) existing ordinary shares held by the shareholders of the company as at the books closure date.

Please refer to attachment.

Additional Details

Capital Amount-Old
SGD 49,007,558
Capital Amount-New
SGD 99,007,558
No. of Existing Outstanding Shares
0
New Shares Issued
64,375,000
Offer Price
SGD 0.8

Attachments

AEI_Ann_SubscriptionAgreement_att.pdf
Total size =451K