Asiamedic to Issue 5 Million Shares to Radiologist
MT Newswires
Sep 07
Asiamedic (SGX:505) agreed to issue 5 million new shares by radiologist Dr Sheah Ban Joo Kenneth for SG$76,500.
The shares will be issued at SG$0.0153 each, representing a 10% discount to AsiaMedic's Sept. 3 VWAP of SG$0.017.
The subscription shares will represent about 0.43% of the company's enlarged share capital upon completion.
Dr Sheah, who contributes to the Group's imaging and intervention services, will be subject to a 12-month moratorium on the shares.
AsiaMedic expects net proceeds of SG$67,300, with all proceeds earmarked for general working capital.
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