Brief: Amplefield enters agreement for additional subscription of shares in Citybuilders

Amplefield

16/06/2017 13:07

June 16 (Reuters) - Amplefield Limited  AMPL.SI : 
    * Entry into an agreement for additional subscription of new 
shares in Citybuilders Pte Ltd 
    * Entered into share subscription agreement with Regional 
Connexion Limited And Citybuilders Pte Ltd 
    * Co will subscribe for 76.5 million new ordinary shares in 
cbs for a sum of S$15.3 million 
    * Proposed CBS subscription not expected to have material 
impact on EPS of group for current FY ending 30 Sept 2017 
    * Under the agreement, co will provide additional funding of 
S$15.0 million by way of a shareholder's loan to CBS 
    * CBS has undertaken to repay shareholder's loan of 
s$19.8mln extended by rcl within 18 months from completion of 
agreement 
 
Source text for Eikon:  ID:nSNZ7bsgtz  
Further company coverage:  AMPL.SI  
 
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