Placements::PROPOSED ISSUE OF CONVERTIBLE LOAN NOTES
Issuer & Securities
Issuer/ Manager
ADDVALUE TECHNOLOGIES LTD
Securities
ADDVALUE TECHNOLOGIES LTD - SG1I67883666 - A31
Stapled Security
No
Announcement Details
Announcement Title
Placements
Date &Time of Broadcast
29-Apr-2017 20:12:51
Status
New
Announcement Sub Title
PROPOSED ISSUE OF CONVERTIBLE LOAN NOTES
Announcement Reference
SG170429OTHRFKSV
Submitted By (Co./ Ind. Name)
DR COLIN CHAN KUM LOK
Designation
CHAIRMAN AND CEO
Description (Please provide a detailed description of the event in the box below)
TITLE: PROPOSED ISSUE OF CONVERTIBLE LOAN NOTES IN THE AGGREGATE PRINCIPAL AMOUNT OF APPROXIMATELY S$7.1 MILLION CONVERTIBLE INTO 128,500,000 NEW ORDINARY SHARES IN THE CAPITAL OF ADDVALUE TECHNOLOGIES LTD AT A CONVERSION PRICE OF S$0.055 PER SHARE
Additional Details
Capital Amount-Old
SGD 86,113,948
Capital Amount-New
SGD 93,181,448
No. of Existing Outstanding Shares
1,583,141,084
New Shares Issued
128,500,000
Offer Price
SGD 0.055
Attachments
AVT-Announcement_on_Subscription_Agreements_for_Convertible_Loan_Notes_290417.pdf
Total size =281K
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