General Announcement::PROPOSED PLACEMENT OF 1,020,000,000 NEW ORDINARY SHARES

Issuer & Securities

Issuer/ Manager
IPCO INTERNATIONAL LIMITED
Securities
IPCO INT'L LIMITED - SG1C67001091 - I11

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
16-May-2014 17:25:34
Status
New
Announcement Sub Title
PROPOSED PLACEMENT OF 1,020,000,000 NEW ORDINARY SHARES
Announcement Reference
SG140516OTHRY44X
Submitted By (Co./ Ind. Name)
QUAH SU LING
Designation
CEO
Effective Date and Time of the event
16/05/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
PROPOSED PLACEMENT OF 1,020,000,000 NEW ORDINARY SHARES (the "Proposed Placement")

The Company refers to its announcement on the 28 March 2014 and wishes to provide an update on the status of the Proposed Placement.

Capitalised terms herein shall have the same meaning as the earlier announcement on the Proposed Placement.

The Placees and the Company have agreed to terminate the Subscription Agreements and shall not proceed with the Proposed Placement by mutual consent.

None of the parties shall have any claim(s) against the other arising out from the termination or for entry into the Subscription Agreements and each party shall bear their own respective costs arising out from the Proposed Placement.

BY ORDER OF THE BOARD
Quah Su Ling
Chief Executive Officer
16 May 2014