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Metax Engineering Corporation Ltd Proposed Subscription Of 155,000,000 New Ordinary Shares And 165,000,000 Warrants To Koh Brothers Group Limited


Thursday, 25 Oct 2012 07:18am EDT 

Metax Engineering Corporation Ltd announced that it has on October 24, 2012 entered into a subscription agreement (the Subscription Agreement) with Koh Brothers Group Limited (the KB Group or Subscriber), pursuant to which the Company has agreed to issue to the Subscriber or its nominee 155,000,000 new ordinary shares in the capital of the Company (the Subscription Shares) at an issue price of SGD0.053 per Subscription Share for an aggregate consideration of SGD8.215 million and 165,000,000 free detachable, non-transferable and non-listed warrants (the Warrants), each Warrant carrying the right to subscribe to one new ordinary share (the Warrant Share) at an exercise price of SGD0.053 for each Warrant Share (the Exercise Price) in the capital of the Company, for nil consideration (collectively, the Proposed Subscription). . 

Company Quote

0.305
-0.0050 -1.61%
21 Aug 2014