Placements::UPDATE ON THE PLACEMENT OF 266,666,600 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
15-Jun-2020 08:10:49
Status
New
Announcement Sub Title
UPDATE ON THE PLACEMENT OF 266,666,600 NEW ORDINARY SHARES
Announcement Reference
SG200615OTHROPDZ
Submitted By (Co./ Ind. Name)
DR COLIN CHAN KUM LOK
Designation
CHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below)
UPDATE ON THE PLACEMENT OF 266,666,600 NEW ORDINARY SHARES AT AN ISSUE PRICE OF S$0.0225 PER SHARE TO RAIN ASIA PACIFIC PTE. LTD.

- COMPLETION OF PLACEMENT TO BE SUBJECT TO SHAREHOLDERS APPROVAL DUE TO LONG NON-FULFILMENT OF APPROVAL IN-PRINCIPLE CONDITION GRANTED BY THE SINGAPORE EXCHANGE


Please refer to the attachment for details.

Additional Details

Capital Amount-Old
SGD 97,254,648
Capital Amount-New
SGD 103,254,648
No. of Existing Outstanding Shares
1,870,441,048
New Shares Issued
266,666,600
Offer Price
SGD 0.0225

Attachments

AVT-Announcement-Further_Deferment_Subject_to_Shareholders_Approval_150620.pdf
Total size =641K