Gaylin International

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Gaylin Holdings Completes USD100 Million Investment And Debt Restructuring

BackMar 13, 2018
Announcement Title Placements
Date & Time of Broadcast Mar 13, 2018 22:00
Status New
Announcement Sub Title SUBSCRIPTION FOR 1,360,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF GAYLIN HOLDINGS LIMITED
Announcement Reference SG180313OTHRR5CT
Submitted By (Co./ Ind. Name) Sharon Yeoh
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below) SUBSCRIPTION FOR 1,360,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF GAYLIN HOLDINGS LIMITED
- COMPLETION OF THE SHARE PLACEMENT
- DEBT RESTRUCTURINGS
- CHANGE IN USE OF PROCEEDS
- APPOINTMENT OF NEW EXECUTIVE OFFICERS
- RE-APPOINTMENT OF MR. DESMOND TEO BEE CHIONG AS ADVISOR TO THE EXECUTIVE CHAIRMAN

PRESS RELEASE

Please see attached files.
Additional Details
Capital Amount-Old SGD 52,563,000
Capital Amount-New SGD 120,563,000
No. of Existing Outstanding Shares 438,000,000
New Shares Issued 1,360,000,000
Offer Price SGD 0.05

Attachments

  1. Announcement (Size: 186,265 bytes)
  2. Press Release (Size: 393,303 bytes)