|Description (Please provide a detailed description of the event in the box below)||The Proposed Issuance and Placement of Ordinary Shares in the Capital of Darco Water Technologies Limited |
- Receipt of Approval-In-Principle from the Singapore Exchange Securities Trading Limited
Please refer to the attached.
The Offer Price for the respective Placements as follow:
(i) 3,824,891 Shares to be issued to Wah Lee Industrial Corp. and Jilead Technology Co., Ltd at SGD0.50 per share
(ii) 27,680,000 Shares to be issued to Robert Wang @ Wang Zhi pursuant to the placement agreement dated 20 October 2017 at SGD 0.65 per share
(iii) 3,500,000 Shares to be issued to Sofos Infrastructure Investment Fund SPC at SGD0.60 per share
(iv) 1,500,000 Shares to be issued to Stone Robert Alexander at SGD 0.60 per share