TTM Industries was awarded pioneer status for five years. Subsidiary Tsing Yi
Enterprises was also awarded Global Traders Programme from IE Singapore,
which provides concessionary tax rate of 10% for offshore trading income.
Warrants provide leveraged play. Advance SCT has proposed a renounceable
rights issue of up to 79.3m warrants at issue price of S$0.08 on the basis of
three warrants for every ten existing shares. Each warrant can be converted to
one Advance SCT share at exercise price of S$0.87 within three years.
Proceeds from the exercise of warrants will be utilised for repayment of its
S$60m transferable loan facility.
