Placements::Proposed Issuance and Placement of Ordinary Shares in the Capital of the Company - Update

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
12-Mar-2018 21:39:19
Status
New
Announcement Sub Title
Proposed Issuance and Placement of Ordinary Shares in the Capital of the Company - Update
Announcement Reference
SG180312OTHR9YC5
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)
Proposed Placement of up to 30,251,151 New Shares in the Capital of the Company to Robert Wang @ Wang Zhi

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 SGD 0.50 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) 1,500,000 Shares to be issued to Stone Robert Alexander at SGD 0.60 per share

Additional Details

Capital Amount-Old
SGD 60,992,648.426
Capital Amount-New
SGD 81,797,093.926
No. of Existing Outstanding Shares
60,826,601
New Shares Issued
33,004,891
Offer Price
SGD 0

Attachments

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23/03/2018 22:34:13