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Announcements
5 April 2017
Completion Of The Proposed Conversion Of The HBD Loan And The Proposed Allotment And Issuance Of 372,855,000 Conversion Shares At The Conversion Price Of S$0.040 For Each Conversion Share And 1,864,275,000 Free Detachable 2017 Warrants, Each Carrying The Right To Subscribe For One (1) Exercised Share At An Exercise Price Of S$0.048 For Each Exercised Share, On The Basis Of Five (5) 2017 Warrants For Every One (1) Conversion Share Allotted And Issued To Hengfai Business Development Pte. Ltd., An Associate Of Mr Chan Heng Fai, A Director And Controlling Shareholder Of The Company (The “Proposed Conversion”)
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