Placements::Proposed placement of 71,527,000 ordinary shares at an issue price of S$0.33 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
12-Jan-2021 20:31:15
Status
New
Announcement Sub Title
Proposed placement of 71,527,000 ordinary shares at an issue price of S$0.33 per share
Announcement Reference
SG210112OTHRAXT3
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, Managing Director, Investment Banking, 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 25,403,575
Capital Amount-New
SGD 49,007,485
No. of Existing Outstanding Shares
234,253,000
New Shares Issued
71,527,000
Offer Price
SGD 0.33

Attachments