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Mds Financial Group Ltd Announces Strategic China Placement And Rights Issue


Tuesday, 2 Oct 2012 07:06pm EDT 

Mds Financial Group Ltd announced that it has entered into a Binding Letter of Offer for the placement of AUD 1,000,000 in MDS shares in four payment tranches to FortuneHao Capital and Shanghai Fortunehao Investment and Management Ltd. The Binding Placement agreement provides for the issuing of 66,666,667 fully paid ordinary shares, issued in three tranches, at an issue price of AUD 0.015 per share with an attaching option for every four shares subscribed by FortuneHao Capital (or their nominees), with a AUD 0.04 exercise price and two year term subject to shareholder approval. 

Company Quote

0.0040
-0.0010 -20.00%
17 Sep 2014