Placements::Proposed Placement and Grant of Convertible Loan

Issuer & Securities

Issuer/ Manager
PINE CAPITAL GROUP LIMITED
Securities
PINE CAPITAL GROUP LIMITED - SG1AA8000008 - ADJ
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
27-Nov-2018 22:06:43
Status
New
Announcement Sub Title
Proposed Placement and Grant of Convertible Loan
Announcement Reference
SG181127OTHRTZ73
Submitted By (Co./ Ind. Name)
Tan Choon Wee
Designation
Interim CEO and Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Please refer to the attached.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, Asian Corporate Advisors Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("Exchange"). The Sponsor has not independently verified the contents of this announcement, including the correctness of any of the figures used, statements or opinions made.

This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Liau H.K.
Telephone number: 6221 0271

Additional Details

Capital Amount-Old
SGD 23,242,500
Capital Amount-New
SGD 25,399,800
No. of Existing Outstanding Shares
5,843,906,058
New Shares Issued
799,000,000
Offer Price
SGD 0.0027

Attachments

PCGL - Proposed Placement and Grant of Convertible Loan.pdf
Total size =343K