Placements::PLACEMENT OF 27,777,778 NEW SHARES IN DRAGON GROUP INTERNATIONAL LIMITED AT S$0.09 EACH

Issuer & Securities

Issuer/ Manager
DRAGON GROUP INTL LIMITED
Securities
DRAGON GROUP INTL LIMITED - SG2C50963991 - MT1
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
30-Mar-2015 18:59:25
Status
New
Announcement Sub Title
PLACEMENT OF 27,777,778 NEW SHARES IN DRAGON GROUP INTERNATIONAL LIMITED AT S$0.09 EACH
Announcement Reference
SG150330OTHR69GI
Submitted By (Co./ Ind. Name)
DATO' MICHAEL LOH SOON GNEE
Designation
EXECUTIVE CHAIRMAN & CEO
Description (Please provide a detailed description of the event in the box below)
Further to the Company's announcements made on 26 January 2015 and 22 March 2015 in relation to the Placement, the Board of Directors of the Company is pleased to announce that the 27,777,778 Placement Shares have, on 30 March 2015, been allotted and issued to the Placee. The Placement Shares are expected to be listed and quoted on the Main Board of the SGX-ST on or about 1 April 2015, and trading of the Placement Shares is expected to commence with effect from 9.00 a.m. on the same date.

Additional Details

Capital Amount-Old
USD 58,175,000
Capital Amount-New
USD 60,034,000
No. of Existing Outstanding Shares
320,166,733
New Shares Issued
27,777,778
Offer Price
SGD 0.09

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