Placements::ALLOTMENT AND ISSUE OF FIRST TRANCHE OF SUBSCRIPTION SHARES
Issuer & Securities
Issuer/ Manager
PAVILLON HOLDINGS LTD.
Securities
PAVILLON HOLDINGS LTD. - SG1I46882631 - 596
Stapled Security
No
Announcement Details
Announcement Title
Placements
Date &Time of Broadcast
12-Aug-2022 18:09:48
Status
New
Announcement Sub Title
ALLOTMENT AND ISSUE OF FIRST TRANCHE OF SUBSCRIPTION SHARES
Announcement Reference
SG220812OTHR3XFQ
Submitted By (Co./ Ind. Name)
Dr John Chen Seow Phun
Designation
Executive Chairman
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.
The First Completion Date has taken place with the receipt by the Company of RMB100 million from the Subscriber and the allotment and issue by the Company of 523,609,280 Subscription Shares to the Subscriber. With the completion of the First Tranche and as at the date of this announcement, the issued and paid-up share capital of the Company (excluding treasury shares and subsidiary holdings) is 911,357,980 Shares.
Pursuant to the EGM held on 5 August 2022, all of the resolutions in relation to the Proposed Subscription of 1,047,218,560 new ordinary shares in the capital of the Company at the subscription price of S$0.041 per subscription share by New Development Hotel Management Pte. Ltd. (the "Subscriber") (the "Proposed Subscription") as described in the Circular had been approved.
Additional Details
Capital Amount-Old
SGD 39,433,461.44
Capital Amount-New
SGD 82,369,422.46
No. of Existing Outstanding Shares
387,748,700
New Shares Issued
1,047,218,560
Offer Price
SGD 0.041
Attachments
PHL - Allotment and Issue of Subscription Shares-1st Tranche_FINAL.pdf
Total size =69K
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