Receipt of Approval-in-principle from SGX for rights issue of warrants
http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/a901eee8fe7505ef482572fe00542f8c?OpenDocument
PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 79,267,209 WARRANTS IN CONJUNCTION WITH A TERM LOAN FACILITY OF S$60 MILLION The Board of Directors of Advance SCT Limited (the Company) refers to the announcement dated 25 May 2007 (the "Warrants Announcement") in relation to the proposed renounceable non-underwritten rights issue ("Warrants Issue") of up to 79,267,209 warrants ("Warrants") at an issue price of S$0.08 for each Warrant, each Warrant carrying the right to subscribe for one (1) new ordinary share in the capital of the Company ("New Share") at an exercise price of S$0.87 for each New Share, on the basis of three (3) Warrants for every ten (10) existing ordinary shares in the capital of the Company ("Shares") held by Entitled Shareholders (as defined in the Warrants Announcement), fractional entitlements to be disregarded. The Board of Directors wishes to announce that the Singapore Exchange Securities Trading Limited (the SGX-ST) had on 18 June 2007 given its in-principle approval for the listing and quotation of the Warrants and the New Shares.
PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 79,267,209 WARRANTS IN CONJUNCTION WITH A TERM LOAN FACILITY OF S$60 MILLION The Board of Directors of Advance SCT Limited (the Company) refers to the announcement dated 25 May 2007 (the "Warrants Announcement") in relation to the proposed renounceable non-underwritten rights issue ("Warrants Issue") of up to 79,267,209 warrants ("Warrants") at an issue price of S$0.08 for each Warrant, each Warrant carrying the right to subscribe for one (1) new ordinary share in the capital of the Company ("New Share") at an exercise price of S$0.87 for each New Share, on the basis of three (3) Warrants for every ten (10) existing ordinary shares in the capital of the Company ("Shares") held by Entitled Shareholders (as defined in the Warrants Announcement), fractional entitlements to be disregarded. The Board of Directors wishes to announce that the Singapore Exchange Securities Trading Limited (the SGX-ST) had on 18 June 2007 given its in-principle approval for the listing and quotation of the Warrants and the New Shares.
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