Placements::Placement of up to 25,000,000 New Shares and up to 10,000,000 Vendor Shares at S$1.14 per Share

Issuer & Securities

Issuer/ Manager
GRAND VENTURE TECHNOLOGY LIMITED
Securities
GRAND VENTURE TECHNOLOGY LTD - SGXE82751350 - JLB
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
03-Sep-2021 14:31:41
Status
New
Announcement Sub Title
Placement of up to 25,000,000 New Shares and up to 10,000,000 Vendor Shares at S$1.14 per Share
Announcement Reference
SG210903OTHRFA2R
Submitted By (Co./ Ind. Name)
Lee Tiam Nam
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
This document has been reviewed by the Company's Sponsor, CIMB Bank Berhad, Singapore Branch ("Sponsor") in accordance with Rule 226(2)(b) of the SGX-ST Listing Manual Section B: Rules of Catalist. This document has not been examined or approved by the SGX-ST and the SGX-ST 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 Jason Chian, Head, Corporate Finance, CIMB Bank Berhad, Singapore Branch, at 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone: +65 6337 5115.

Additional Details

Capital Amount-Old
SGD 49,007,485
Capital Amount-New
SGD 77,507,485
No. of Existing Outstanding Shares
305,780,000
New Shares Issued
25,000,000
Offer Price
SGD 1.14

Attachments

GVT_Placement Announcement.pdf
Total size =198K