Brief: Lorenzo International Says Currently In Ongoing Discussions With Tong Ren Tang Royal Food Pte

Lorenzo International

20/01/2023 24:08

Jan 20 (Reuters) - Lorenzo International Ltd  LRZI.SI :
    * CURRENTLY IN ONGOING DISCUSSIONS WITH TONG REN TANG ROYAL
FOOD
PTE
    * DISCUSSIONS ON POTENTIAL COLLABORATION TO JOINTLY DEVELOP
RETAIL
MOBILE APPLICATION AND E-COMMERCE MARKETPLACE PLATFORM
    * CO IS PROPOSING TO UNDERTAKE A RENOUNCEABLE
NON-UNDERWRITTEN
RIGHTS  OF UP TO 439.4 MILLION NEW ORDINARY SHARES IN CAPITAL
    * DISCUSSIONS ARE PRELIMINARY AND THERE IS NO CERTAINTY OR
ASSURANCE THAT ANY DEFINITIVE AGREEMENT OR TRANSACTION WILL
MATERIALISE
    * AN ISSUE PRICE OF S$0.008 FOR EACH RIGHTS SHARE

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 ((Reuters.Briefs@thomsonreuters.com;))