Brief: Singapore Myanmar Investco entered into placement agreement with OCBC Securities Private Limited

SMI Vantage

14/11/2016 06:52

Nov 14 (Reuters) - Singapore Myanmar Investco Ltd  SINO.SI  
    * Entered into a placement agreement with OCBC Securities 
Private Limited as placement agent 
    * Net proceeds to be raised from proposed placement are 
approximately S$16.5 million 
    * Net proceeds of proposed placement will enable group to 
fund its expansion plans in Myanmar 
    * Placement price of S$0.42 for each placement share 
    * Agreed to allot and issue up to 41.4 million new ordinary 
shares in capital of co at a placement price of S$0.42 for each 
placement share 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ3fxlm 
Further company coverage:  SINO.SI  
 
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