News

Proposed Issuance Of 15 Million New Shares By Private Placement - Receipt Of Approval In-Principle

BackSep 29, 2016
Announcement Title Placements
Announcement Subtitle PROPOSED ISSUANCE OF 15 MILLION NEW SHARES BY PRIVATE PLACEMENT - RECEIPT OF APPROVAL IN-PRINCIPLE
Securities EXCELPOINT TECHNOLOGY LTD (EXCELPTE)
Date & Time of Broadcast Sep 29, 2016 22:14
Submitted By Wong Yoen Har
Company Secretary
Description PROPOSED ISSUANCE OF 15,000,000 NEW SHARES TO ALONIM INVESTMENTS INC. BY WAY OF PRIVATE PLACEMENT - RECEIPT OF APPROVAL IN-PRINCIPLE

Please see attached.

With reference to SGX Announcement released on 2 September 2016 (Reference: SG 160902OTHRSN9T).
Capital Amount - Old SGD 52,730,185.00
Capital Amount - New SGD 60,605,185.00
Number of Existing Outstanding Shares 102,483,440
New Shares Issued 15,000,000
Offer Price SGD 0.525

Attachments

  1. Attachment 1 (Size: 141,254 bytes)