Placements::PROPOSED PLACEMENT OF 35,000,000 NEW ORDINARY SHARES - RECEIPT OF APPROVAL IN-PRINCIPLE

Issuer & Securities

Issuer/ Manager
ASIA FASHION HOLDINGS LIMITED
Securities
ASIA FASHION HOLDINGS LIMITED - BMG0539Q1217 - BQI
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
24-Apr-2017 23:14:52
Status
New
Announcement Sub Title
PROPOSED PLACEMENT OF 35,000,000 NEW ORDINARY SHARES - RECEIPT OF APPROVAL IN-PRINCIPLE
Announcement Reference
SG170424OTHRCX1Z
Submitted By (Co./ Ind. Name)
CHONG TIN YAM, ALEX
Designation
EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER
Description (Please provide a detailed description of the event in the box below)
APPROVAL IN-PRINCIPLE IN RESPECT OF:
(1) THE PROPOSED ISSUANCE OF 7.0% UNSECURED CONVERTIBLE BONDS OF AN AGGREGATE PRINCIPAL AMOUNT OF S$2,100,000 (THE "PROPOSED CB ISSUANCE"); AND
(2) THE PROPOSED PLACEMENT OF 35,000,000 NEW ORDINARY SHARES ("PROPOSED SHARE PLACEMENT")

PLEASE SEE ATTACHED.

Additional Details

Capital Amount-Old
USD 4,040,000
Capital Amount-New
USD 6,840,000
No. of Existing Outstanding Shares
50,500,000
New Shares Issued
35,000,000
Offer Price
SGD 0.11

Attachments

Ann-Proposed Issuance of CB n Placement AIP-24Apr2017-Final.pdf
Total size =30K