Matex International (SGX:M15) has signed a subscription agreement with Nanyang Commercial Management for the issuance of 154 million new ordinary shares, according to a Sunday filing on the Singapore Exchange.
This will increase the specialty chemicals provider's issued capital to about 515.7 million shares from 361.7 million, with the new shares representing 29.86% of the company's enlarged capital.
Shares will be issued at SG$0.027 each, totaling about SG$4.2 million, a 50% premium over the Oct. 30 volume-weighted average price of SG$0.018.
Following completion of the transaction, Nanyang Commercial will gain a controlling interest in Matex International.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。