Green Build Technology Completes Share Placement

MT Newswires10-15

Green Build Technology (SGX:Y06) has completed the proposed placement of 600 million subscription shares and up to 360 million warrant shares for an incoming controlling shareholder, according to a Wednesday bourse filing.

On completion of the issue and allotment, the total number of issued shares of the company has increased to around 942.3 million shares from about 342.3 shares.

Assuming all 360 million warrants are exercised in full in due course, the company's total issued share capital will increase to around 1.30 billion shares from from 942.3 million shares.

The subscription shares were issued at SG$0.016 apiece to raise approximately SG$9.6 million. The attached free warrants are exercisable at SG$0.02 each.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment