Placements::ALLOTMENT AND ISSUE OF SECOND 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
20-Oct-2022 18:25:56
Status
New
Announcement Sub Title
ALLOTMENT AND ISSUE OF SECOND TRANCHE OF SUBSCRIPTION SHARES
Announcement Reference
SG221020OTHRTM70
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 Second 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. After completion of the Second Tranche and as at the date of this announcement, the number of issued and paid-up shares of the Company (excluding treasury shares and subsidiary holdings) is 1,434,967,260 Shares.

The Board wishes to announce that the completion of the Proposed Subscription has taken place on 20 October 2022. Following completion of the Proposed Subscription, the Subscriber holds 1,047,408,750 Shares representing approximately 72.99% of the issued and paid-up share capital of the Company.

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-2nd tranche and completion.pdf
Total size =61K