Brief: Singapore Myanmar Investco Says Entered Deal For Capitalisation Of $5.1 Mln Due Under Loan Agreements

SMI Vantage

01/03/2021 15:19

March 1 (Reuters) - Singapore Myanmar Investco Ltd
 SINO.SI :
    * ENTERED AGREEMENT WITH CEO FOR PROPOSED CAPITALISATION OF
US$5.1
MILLION DUE UNDER LOAN AGREEMENTS
    * WILL ISSUE 132.9 MILLION NEW SHARES TO SUBSCRIBER AT ISSUE
PRICE
OF S$0.050 PER SHARE
    * SUBSCRIBER'S AGGREGATE DEEMED AND DIRECT INTEREST IN CO
WILL
INCREASE FROM 12.1% TO 38.0%

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ3RKMq3
Further company coverage:  SINO.SI 

 (Reuters.Briefs@thomsonreuters.com)