Placements::Completion of Placement of the Placement Shares

Issuer & Securities

Issuer/ Manager
MIYOSHI LIMITED
Securities
MIYOSHI LIMITED - SG1J04885492 - M03
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
14-Jun-2017 20:55:28
Status
New
Announcement Sub Title
Completion of Placement of the Placement Shares
Announcement Reference
SG170614OTHR0S7V
Submitted By (Co./ Ind. Name)
Khoo Teck Soon
Designation
CFO
Description (Please provide a detailed description of the event in the box below)
1. INTRODUCTION

The Board of Directors (the "Board") of Miyoshi Limited (the "Company", and together with its subsidiaries, the "Group") refers to the following announcements:

(a) The announcement dated 31 May 2017 in relation to, inter alia, the proposed issuance of Placement Shares pursuant to a Placement Agreement entered into with CIMB Securities (Singapore) Pte. Ltd. as the placement agent on 31 May 2017; and

(b) The announcement dated 13 June 2017 in relation to the receipt of the listing and quotation notice of the Placement Shares from the SGX-ST for the listing and quotation of the Placement Shares on the Catalist, subject to SGX-ST listing requirements.

(collectively, the "Earlier Announcements")

Capitalised terms not defined herein shall bear the same meaning ascribed to them in the Earlier Announcements.

2. COMPLETION OF THE PLACEMENT

Further to the Earlier Announcements, the Board is pleased to announce the completion of the Placement ("Completion"), pursuant to which 45,000,000 Placement Shares were allotted and issued in accordance with the terms of the Placement Agreement.

Following Completion,

(a) The total issued share capital of the Company had increased from 449,029,490 Shares to 494,029,490 Shares, being the enlarged issued and paid-up share capital (excluding treasury shares) after the issue and allotment of the Placement Shares; and

(b) The Placement Shares will rank pari passu with and shall carry all rights similar to the existing Shares.

The Placement Shares are expected to be listed and quoted on Catalist of the Singapore Exchange Securities Trading Limited with effect from 9.00 a.m., on 15 June 2017.


By the Order of the Board
Sin Kwong Wah, Andrew
Executive Director and CEO
14 June 2017


This document has been prepared by the Company and its contents have been reviewed by the Company's sponsor, CIMB Bank Berhad, Singapore Branch ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this document.

The document has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this document including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr Ken Lee, Associate Director, Investment Banking. The contact particulars are 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, telephone (65) 6337 5115.

Additional Details

Capital Amount-Old
SGD 39,309,000
Capital Amount-New
SGD 42,259,000
No. of Existing Outstanding Shares
449,029,490
New Shares Issued
45,000,000
Offer Price
SGD 0.068

Attachments

20170614-SGXannCompletionofPlacement.pdf
Total size =468K