Placements::PROPOSED PLACEMENT OF 27,777,778 NEW SHARES IN DRAGON GROUP INTERNATIONAL LIMITED AT S$0.09 EACH

Issuer & Securities

Issuer/ Manager
DRAGON GROUP INTL LIMITED
Securities
DRAGON GROUP INTL LIMITED - SG2C50963991 - MT1
Stapled Security
No

Announcement Details

Announcement Title
Placements
Date &Time of Broadcast
26-Jan-2015 23:00:21
Status
New
Announcement Sub Title
PROPOSED PLACEMENT OF 27,777,778 NEW SHARES IN DRAGON GROUP INTERNATIONAL LIMITED AT S$0.09 EACH
Announcement Reference
SG150126OTHRKIAO
Submitted By (Co./ Ind. Name)
DATO' MICHAEL LOH SOON GNEE
Designation
EXECUTIVE CHAIRMAN & CEO
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of the Company is pleased to announce that the Company has, on 26 January 2015, entered into a placement agreement with Asia Green Technology Inc, pursuant to which the Company has agreed to allot and issue to Asia Green Technology Inc an aggregate of 27,777,778 new ordinary shares in the share capital of the Company at S$0.09 each for an aggregate consideration of S$2,500,000.

Additional Details

Capital Amount-Old
USD 58,175,000
Capital Amount-New
USD 60,034,000
No. of Existing Outstanding Shares
320,166,733
New Shares Issued
27,777,778
Offer Price
SGD 0.09

Attachments