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Tritech: Issuance Of 5.8 Million New Ordinary Shares At S$0.172 Each As Commission To Successive Investments.

21 Sep 2014 23:08

Successive Investments Limited had introduced business opportunities to Tritech Group Limited including the water recycling project opportunity in Jiaonan Economic Development Zone in the People's Republic of China. Following the Company's proposed fund raising by way of convertible loans and in acknowledgement of SIL's introduction of business opportunities, the Company has entered into an agreement to pay SIL a commission of S$1,000,000 for such introduction, to be fully satisfied by way of the issue and allotment of 5,813,000 new ordinary shares in the capital of the Company at an issue price of S$0.172 each to SIL...

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Source: ShareInvestor Express