General Announcement::DESPATCH OF CIRCULAR TO SHAREHOLDERS

Issuer & Securities

Issuer/ Manager
CACOLA FURNITURE INTL LIMITED
Securities
CACOLA FURNITURE INTL LIMITED - KYG1745C1042 - D2U
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
12-Jul-2016 07:50:03
Status
New
Announcement Sub Title
DESPATCH OF CIRCULAR TO SHAREHOLDERS
Announcement Reference
SG160712OTHRIB66
Submitted By (Co./ Ind. Name)
Zhou Min Zong
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
DESPATCH OF CIRCULAR TO SHAREHOLDERS IN RELATION TO:

(1) PROPOSED PLACEMENT OF 902,734,645 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY ("SETTLEMENT SHARES") AT THE PLACEMENT PRICE OF S$0.0045 PER SETTLEMENT SHARE TO THE CREDITORS (AS DEFINED IN THE ANNOUNCEMENT MADE ON 18 APRIL 2016) PURSUANT TO THE SETTLEMENT AGREEMENT (AS DEFINED IN THE ANNOUNCEMENT MADE ON 18 APRIL 2016).

(2) PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF AN AGGREGATE OF UP TO 6,446,991,796 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY ("RIGHTS SHARES"), AT AN ISSUE PRICE OF S$0.00475 FOR EACH RIGHTS SHARE, ON THE BASIS OF FOUR (4) RIGHTS SHARES FOR EVERY ONE (1) EXISTING ORDINARY SHARE IN THE CAPITAL OF THE COMPANY HELD BY SHAREHOLDERS OF THE COMPANY AS AT THE BOOKS CLOSURE DATE TO BE DETERMINED, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED.

(3) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY.

Please see attached.

Attachments