Placements::ALLOTMENT AND ISSUANCE OF 169,070,000 NEW ORDINARY SHARES

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
10-May-2022 21:46:17
Status
New
Announcement Sub Title
ALLOTMENT AND ISSUANCE OF 169,070,000 NEW ORDINARY SHARES
Announcement Reference
SG220510OTHRV108
Submitted By (Co./ Ind. Name)
DR CHAN KUM LOK COLIN
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
ALLOTMENT AND ISSUANCE OF 169,070,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY AT AN ISSUE PRICE OF S$0.0127 PER DIRECTORS-EMPLOYEES-BUSINESS ASSOCIATES SUBSCRIPTION SHARE TO CERTAIN DIRECTORS, EMPLOYEES AND BUSINESS ASSOCIATES OF THE GROUP
WRT ANNOUNCEMENT 4 OF 4 IN RELATION TO A FUND RAISING EXERCISE
ANNOUNCEMENT REFERENCE SG11205OTHRUC0G

Please refer to the attachment for details.

Additional Details

Capital Amount-Old
SGD 110,478,598
Capital Amount-New
SGD 112,625,787
No. of Existing Outstanding Shares
2,611,101,975
New Shares Issued
169,070,000
Offer Price
SGD 0.0127

Attachments

AVT-2021_Placements_EGM-allotment_and_issuance_of_new_shares_100522.pdf
Total size =94K