Stock Code:YYB.SI
| Announcement Title | Placements |
| Announcement Subtitle | PROPOSED SUBSCRIPTION OF 700,000,000 ORDINARY SHARES - COMPLETION OF THE PROPOSED SUBSCRIPTION |
| Securities |
ELEKTROMOTIVE GROUP LIMITED (ELEKTROG) |
| Date & Time of Broadcast | Apr 21, 2016 18:12 |
| Submitted By |
NG KAI MAN EXECUTIVE DIRECTOR |
| Description |
1. CLARIFICATION ON CAPITAL AMOUNT Reference is made to the previous announcement made on 20 April 2016 in respect of the capital amount details which should be as follows:- Capital Amount (Old) - S$136,548,694.82 Capital Amount (New) - S$140,048,694.82 2. COMPLETION The allotment and issue of all the 700,000,000 Subscription Shares have been successfully completed on 21 April 2016 in accordance with the Subscription Agreements. Please see attached. This announcement has been prepared by Elektromotive Group Limited (the "Company") and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of the Catalist. The Sponsor has not verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088. |
| Capital Amount - Old | SGD 136,548,694.82 |
| Capital Amount - New | SGD 140,048,694.82 |
| Number of Existing Outstanding Shares | 0 |
| New Shares Issued | 700,000,000 |
| Offer Price | SGD 0.0050 |
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