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Yamada Green Resources Ltd Enters Into Conditional Share Subscription Agreement With Hydrex International Pte Ltd


Tuesday, 19 Feb 2013 10:27am EST 

Yamada Green Resources Ltd announced that the Company has on 19 February 2013 entered into a conditional share subscription agreement (the "Agreement") with Hydrex International Pte Ltd (the "Subscriber"). Subject to and upon the terms of the Agreement, the Subscriber shall subscribe for 82,187,000 new shares in the share capital of the Company, representing approximately 16.49% of the share capital of the Company on an enlarged basis (the “Subscription Shares”) to be allotted and issued by the Company (the “Subscription”). UOB Kay Hian Private Limited acted as placement agent of the Company in the Subscription. The Subscription Shares shall be allotted and issued at an issue price of S$0.119 per Subscription Share (the “Issue Price”). The Issue Price represents a discount of approximately 10% based on the volume weighted average price for trades done on the preceding market day up to the time the Agreement was signed. The Issue Price was arrived at following arm’s length negotiations between the Company and the Subscriber. 

Company Quote

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21 Nov 2014