Placements::ANNOUNCEMENT 3 OF 4 IN RELATION TO A FUND RAISING EXERCISE

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-Dec-2021 16:15:43
Status
New
Announcement Sub Title
ANNOUNCEMENT 3 OF 4 IN RELATION TO A FUND RAISING EXERCISE
Announcement Reference
SG211205OTHRL5JW
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)
ANNOUNCEMENT 3/4

PROPOSED GRANT OF SUBSCRIPTION RIGHT FOR THE SUBSCRIPTION OF UP TO 110,000,000 NEW ORDINARY SHARES OF ADDVALUE TECHNOLOGIES LTD AT AN ISSUE PRICE OF S$0.0127 PER SHARE

Please refer the attached for details.

Additional Details

Capital Amount-Old
SGD 105,873,960
Capital Amount-New
SGD 215,873,960
No. of Existing Outstanding Shares
2,248,811,975
New Shares Issued
110,000,000
Offer Price
SGD 0.0127

Attachments

AVT-Placement_announcement_3of4_irt_fund_raising_exercise_5Dec2021.pdf
Total size =372K