Placements::ANNOUNCEMENT 1 OF 4 IN RELATION TO A FUND RAISING EXERCISE

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
05-Dec-2021 16:15:28
Status
New
Announcement Sub Title
ANNOUNCEMENT 1 OF 4 IN RELATION TO A FUND RAISING EXERCISE
Announcement Reference
SG211205OTHRV172
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)
ANNOUNCEMENT 1/4

PROPOSED SUBSCRIPTION BY ECONOMIC DEVELOPMENT INNOVATIONS SINGAPORE PTE. LTD.
OF 78,700,000 NEW ORDINARY SHARES OF ADDVALUE TECHNOLOGIES LTD WITH OPTION TO SUBSCRIBE FOR UP TO A FURTHER 315,000,000 NEW ORDINARY SHARES AT AN ISSUE PRICE OF S$0.0127 PER SHARE

Please refer to the attached for details

Additional Details

Capital Amount-Old
SGD 105,873,960
Capital Amount-New
SGD 184,573,960
No. of Existing Outstanding Shares
2,248,811,975
New Shares Issued
78,700,000
Offer Price
SGD 0.0127

Attachments

AVT-Placement_announcement_1of4_irt_fund_raising_exercise_5Dec2021.pdf
Total size =399K