General Announcement::ISSUE AND DESPATCH OF THE OFFERING MEMORANDUM AND TIMETABLE OF KEY EVENTS

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 06-Jan-2017 08:48:23
Status: New
Announcement Sub Title: ISSUE AND DESPATCH OF THE OFFERING MEMORANDUM AND TIMETABLE OF KEY EVENTS
Announcement Reference: SG170106OTHRPAED
Submitted By (Co./ Ind. Name): Kelvin Tang
Designation: Joint Company Secretary
Effective Date and Time of the event: 06/01/2017 09:00:00
Description (Please provide a detailed description of the event in the box below): NON-RENOUNCEABLE NON-UNDERWRITTEN PREFERENTIAL OFFERING (THE PREFERENTIAL OFFERING) OF S$139,464,848 IN PRINCIPAL AMOUNT OF SENIOR SECURED ZERO COUPON NOTES DUE 2024 (THE NOTES), IN THE DENOMINATION OF S$1.00 FOR EACH NOTE, WITH 1,255,183,632 FREE DETACHABLE WARRANTS (THE WARRANTS ), EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE FOR ONE NEW SHARE IN THE CAPITAL OF THE COMPANY OF PAR VALUE US$0.00125 (COLLECTIVELY, THE NEW SHARES) AT THE EXERCISE PRICE OF S$0.110 FOR EACH NEW SHARE, ON THE BASIS OF 93 NOTES OF PRINCIPAL AMOUNT OF S$1.00 EACH, WITH 837 WARRANTS FOR EVERY 1,000 EXISTING SHARES IN THE CAPITAL OF THE COMPANY OF PAR VALUE US$0.00125 EACH (THE SHARES ) HELD BY THE ENTITLED SHAREHOLDERS (AS DEFINED HEREIN)

Total size =1656K