Placements::APPROVAL-IN-PRINCIPLE WRT ANNOUNCEMENT 1 OF 4 IN RELATION TO A FUND RAISING EXERCISE

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
28-Mar-2022 21:34:45
Status
New
Announcement Sub Title
APPROVAL-IN-PRINCIPLE WRT ANNOUNCEMENT 1 OF 4 IN RELATION TO A FUND RAISING EXERCISE
Announcement Reference
SG220328OTHRMWPQ
Submitted By (Co./ Ind. Name)
DR CHAN KUM LOK COLIN
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
RECEIPT OF APPROVAL-IN-PRINCIPLE FROM THE SGX-ST IN RELATION TO
ANNOUNCEMENT REFERENCE SG211205OTHRV172

Proposed grant of subscription right to Economic Development Innovations Singapore Pte. Ltd. for the subscription of up to 315,000,000 new ordinary shares of the Company

Please refer to the attached for details.

Additional Details

Capital Amount-Old
SGD 109,380,048
Capital Amount-New
SGD 113,380,548
No. of Existing Outstanding Shares
2,524,601,975
New Shares Issued
315,000,000
Offer Price
SGD 0.0127

Attachments

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28/03/2022 21:49:20