Brief: Equation Summit entered into subscription agreement

DISA

24/10/2016 24:18

Oct 24 (Reuters) - Equation Summit Ltd  EQCR.SI  
    * On 21 Oct entered into subscription agreement with Asdew 
Acquisitions Private Limited, Teo Khiam Chong, Island Asset 
Management and Chen Dawei 
    * Total consideration for subscription is S$4.2 million 
    * Net proceeds from subscription estimated to be S$4.2 
million 
    * Intends to use net proceeds from subscription, for group's 
repayment of loans 
 
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