Placements::Proposed Issuance and Placement of Ordinary Shares in the Capital of the Company
Issuer & Securities
Issuer/ Manager
DARCO WATER TECHNOLOGIES LIMITED
Securities
DARCO WATER TECHNOLOGIES LTD - SG1CC9000009 - BLR
Stapled Security
No
Announcement Details
Announcement Title
Placements
Date &Time of Broadcast
01-Feb-2018 20:11:06
Status
New
Announcement Sub Title
Proposed Issuance and Placement of Ordinary Shares in the Capital of the Company
Announcement Reference
SG180201OTHRI93V
Submitted By (Co./ Ind. Name)
Thye Kim Meng
Designation
Chairman, Managing Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Proposed Issuance and Placement of Ordinary Shares in the Capital of Darco Water Technologies Limited
- Receipt of Approval-In-Principle from the Singapore Exchange Securities Trading Limited
Please refer to the attached.
The Offer Price for the respective Placements as follow:
(i) 3,824,891 Shares to be issued to Wah Lee Industrial Corp. and Jilead Technology Co., Ltd at SGD0.50 per share
(ii) 27,680,000 Shares to be issued to Robert Wang @ Wang Zhi pursuant to the placement agreement dated 20 October 2017 at SGD 0.65 per share
(iii) 3,500,000 Shares to be issued to Sofos Infrastructure Investment Fund SPC at SGD0.60 per share
(iv) 1,500,000 Shares to be issued to Stone Robert Alexander at SGD 0.60 per share
Additional Details
Capital Amount-Old
SGD 58,892,648.426
Capital Amount-New
SGD 81,797,093.926
No. of Existing Outstanding Shares
57,326,601
New Shares Issued
36,504,891
Offer Price
SGD 0
Attachments
Darco - Receipt of In-Principle Approval from SGX-ST.pdf
Total size =203K
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