AusGroup gets SGX's in-principle nod for proposed placement, rights issue, redemption share issue
THE Singapore Exchange (SGX) has granted AusGroup an approval in-principle for the listing and quotation of up to 752.4 million rights shares at an issue price of S$0.035, on the basis of one rights share for every two existing shares.
The approval in-principle is also for the listing and quotation of up to 1.05 billion subscription shares at an issue price of S$0.035 for each subscription share, and 80.3 million new shares at an issue price of S$0.042 for each redemption share.
The construction services company will proceed to satisfy the conditions of the approval-in-principle, and will set out a circular with the details of its proposed transactions and a notice convening the extraordinary general meeting to seek shareholders' approval for these transactions in due course.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein