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Smartflex Holdings Ltd Announces Proposed Placement Of New Ordinary Shares


Friday, 14 Jun 2013 05:59am EDT 

Smartflex Holdings Ltd announced that it had on June 14, 2013 entered into a conditional subscription agreement with Tan Ah Chew, Tan Boon Kiat, Vincent (Chen Wenjie, Vincent) and Ang Ah Nui (collectively, the Subscribers). The Company has agreed to allot and issue an aggregate of 14,000,000 new ordinary shares in the capital of the Company, and each of the Subscribers severally agreed to subscribe and pay for the proportion of such Subscription Shares to be subscribed by him as set out in the table below at an issue price of SGD0.10 for each Subscription Share for an aggregate of SGD1,400,000. The estimated net proceeds from the Placement will be approximately SGD1,370,000 (after deducting expenses incurred in connection with the Placement of approximately SGD30,000). The Company intends to use the Net Proceeds solely and exclusively for its working capital requirements. 

Company Quote

0.155
-0.0010 -0.64%
26 Nov 2014