Placement agreement for proposed issue of KOP shares lapses
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
KOP Limited announced on Wednesday that the placement agreement for the proposed issue of up to 221.6 million shares in the company has lapsed.
The parties will not extend it as the potential subscriber is not able to solve its funding issue due to "certain currency controls".
The placement agreement will no longer have any effect, and the parties involved will have no further obligations or claims against each other.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
