Placements::ALLOTMENT AND ISSUE OF 120,000,000 NEW SHARES

Issuer & Securities

Issuer/ Manager
SHENG SIONG GROUP LTD.
Securities
SHENG SIONG GROUP LTD - SG2D54973185 - OV8
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
11-Sep-2014 17:27:10
Status
New
Announcement Sub Title
ALLOTMENT AND ISSUE OF 120,000,000 NEW SHARES
Announcement Reference
SG140911OTHRDWAX
Submitted By (Co./ Ind. Name)
Lim Hock Chee
Designation
CEO
Description (Please provide a detailed description of the event in the box below)
Sheng Siong Group Ltd has, on 11 Sep 2014, allotted and issued 120,000,000 new ordinary shares to Sheng Siong Holdings Pte Ltd (the Lender), as repayment of the Loan Shares. The shares were borrowed for the purpose of a placement.

Following the allotment and issue of the new shares, the total number of issued shares of Sheng Siong Group Ltd has increased from 1,383,537,000 shares to 1,503,537,000 shares. Please refer to more details in this attachment.

Additional Details

Capital Amount-Old
SGD 156,348,519
Capital Amount-New
SGD 236,748,519
No. of Existing Outstanding Shares
1,383,537,000
New Shares Issued
120,000,000
Offer Price
SGD 0.67

Attachments