Placements::PROPOSED SUBSCRIPTION OF 47,000,000 NEW ORDINARY SHARES - RECEIPT OF WAIVER FROM SIC

Issuer & Securities

Issuer/ Manager
OLIVE TREE ESTATES LIMITED
Securities
OLIVE TREE ESTATES LIMITED - SG1EB5000001 - 1H2
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
23-Nov-2022 07:53:42
Status
New
Announcement Sub Title
PROPOSED SUBSCRIPTION OF 47,000,000 NEW ORDINARY SHARES - RECEIPT OF WAIVER FROM SIC
Announcement Reference
SG221123OTHRVEWX
Submitted By (Co./ Ind. Name)
Daniel Long Chee Tim
Designation
Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.

Additional Details

Capital Amount-Old
SGD 7,946,000
Capital Amount-New
SGD 14,996,000
No. of Existing Outstanding Shares
68,845,211
New Shares Issued
47,000,000
Offer Price
SGD 0.15

Attachments

20221123 OTEL - Whitewash Waiver Announcement.pdf
Total size =79K