Brief: Vashion Group Proposes Share Consolidation For Every 4 Shares Held Into 1 Share

Incredible Holdings

21/11/2019 14:30

Nov 21 (Reuters) - Vashion Group Ltd  VSHN.SI :
    * VASHION GROUP LTD  PROPOSES SHARE CONSOLIDATION FOR EVERY
4
EXISTING SHARES HELD TO BE CONSOLIDATED INTO 1 SHARE
    * CONDITIONAL UPON SHARE CONSOLIDATION, CO PROPOSES TO ISSUE
AGGREGATE OF 6.95 BILLION SHARES COMPRISING OF RIGHTS CUM
WARRANTS ISSUE
    * NEW SHARES TO BE ISSUED AT AN ISSUE PRICE OF S$0.0056 FOR
EACH
RIGHTS SHARE

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ5DZ37s
Further company coverage:  VSHN.SI 

 (Reuters.Briefs@thomsonreuters.com)