Placements::RECEIPT OF APPROVAL IN-PRINCIPLE FOR LISTING AND QUOTATION OF THE 128,500,000 CONVERSION SHARES
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
30-May-2017 18:58:11
Status
New
Announcement Sub Title
RECEIPT OF APPROVAL IN-PRINCIPLE FOR LISTING AND QUOTATION OF THE 128,500,000 CONVERSION SHARES
Announcement Reference
SG170530OTHR87UI
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)
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
- RECEIPT OF APPROVAL IN-PRINCIPLE FROM THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED FOR LISTING AND QUOTATION OF THE 128,500,000 CONVERSION SHARES
Please refer to the attachment for details.
Additional Details
Capital Amount-Old
SGD 90,162,148
Capital Amount-New
SGD 97,229,648
No. of Existing Outstanding Shares
1,686,941,084
New Shares Issued
128,500,000
Offer Price
SGD 0.055
Attachments
AVT-AIP_Announcement_Issue_of_Convertible Loan Notes_300517.pdf
Total size =154K
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