Emerging Towns & Cities Singapore Ltd. to List 204,887,011 New Shares After Convertible Loan Conversion
Key Points for Investors
- Significant Share Issuance: Emerging Towns & Cities Singapore Ltd. (“ETC” or the “Company”) has announced the allotment and issuance of 204,887,011 new shares to Mr. Luo Shandong following the conversion of an outstanding amount under a convertible loan agreement.
- Listing Date: The new shares are expected to be listed and quoted on the SGX-ST on or around 9.00 a.m. on 8 June 2026.
- Convertible Loan Agreement Background: The share issuance is pursuant to a convertible loan agreement initially entered into on 25 January 2017 between Mr. Luo (lender) and the Company (borrower), which has since been supplemented and amended by various addendum deeds.
- Regulatory Announcements: This event follows a series of prior shareholder announcements and circulars, dating from 2017 to 2026, detailing the terms and progress of the convertible loan and its associated share conversion.
- Ongoing Investor Caution: The Company has advised shareholders and potential investors to exercise caution in trading ETC shares and to consult professional advisers if unsure about the implications of this development.
Details and Implications
The conversion of the outstanding loan amount and the ensuing issuance of 204,887,011 new shares to Mr. Luo Shandong represent a substantial dilution event for existing shareholders. This move will likely have a material impact on the Company’s share capital and could influence its share price upon listing of the new shares.
The Company has a longstanding convertible loan relationship with Mr. Luo, as established by the convertible loan agreement dated 25 January 2017. Multiple addenda and shareholder circulars over the years have detailed the evolving terms and conditions, culminating in this large-scale conversion.
The announcement reiterates that shareholders and investors should carefully assess the potential dilution and market reaction when the new shares commence trading. This is a potentially price-sensitive event, as such a significant increase in share supply could impact current valuations.
The Company’s Sponsor, RHT Capital Pte. Ltd., has reviewed the announcement, but the Singapore Exchange Securities Trading Limited (“SGX-ST”) has not examined or approved the contents. The Sponsor’s contact details are provided for further inquiries.
What Shareholders Need to Know
- The new shares will be tradable on SGX-ST from 8 June 2026, increasing the total shares in issue.
- This could lead to share price volatility in the near term due to dilution and possible shifts in investor sentiment.
- Shareholders are encouraged to review all related Company announcements and, if needed, seek advice from their professional advisers.
Management Statement
Joseph Lim, Executive Director and CEO, signed off on the announcement dated 5 June 2026.
Contact Information
For sponsorship-related queries, investors may contact Mr. Joseph Au at RHT Capital Pte. Ltd., 36 Robinson Road, #10-06 City House, Singapore 068877, or via email at [email protected].
Disclaimer
This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. Investors should perform their own due diligence and consult with professional advisers before making any investment decisions. The Singapore Exchange and the Company’s Sponsor assume no responsibility for the accuracy or completeness of this article.
新加坡新兴城镇与城市有限公司宣布可转换贷款转股后发行2.05亿新股并上市交易
投资者须知要点
- 重大股份发行：新加坡新兴城镇与城市有限公司（简称“公司”）宣布，已根据与罗山东先生的可转换贷款协议，将未偿还贷款转换为204,887,011股新股并完成配发。
- 上市日期：新股预计将于2026年6月8日上午9点左右在新加坡交易所主板（SGX-ST）上市和报价。
- 可转换贷款协议背景：此次股份发行基于2017年1月25日公司与罗先生签订的可转换贷款协议，并经多份补充协议修订。
- 相关公告回顾：此事已多次通过公司公告和通函（2017至2026年）向股东报告。
- 投资者谨慎声明：公司提醒股东和潜在投资者，在买卖公司股票时应谨慎，并在有疑问时咨询专业顾问。
详细说明及影响
本次可转换贷款的转股及新股发行将导致现有股东权属被大幅稀释，这一事件对公司股本结构影响显著，预计新股上市流通后将对公司股价产生影响。
公司与罗先生的可转换贷款关系始于2017年，期间多次修订，相关细节已通过多次公告和通函披露。此次实际转股和巨额新股发行，或将引发市场关注和价格波动。
公司再次提醒，投资者应关注由新股上市带来的潜在稀释风险及市场反应，这属于高度敏感的价格信息，务必谨慎评估。
公司指定赞助商为RHT Capital Pte. Ltd.，联系方式详见公告。
股东需注意事项
- 新股将于2026年6月8日上市流通，公司股份基数大幅增加。
- 短期内公司股价可能因稀释效应及市场情绪变化出现波动。
- 股东应查阅公司相关公告，如有疑问建议咨询专业顾问。
管理层声明
公告由公司执行董事兼首席执行官林先生于2026年6月5日签署。
联系方式
如需咨询，可联系RHT Capital Pte. Ltd.（联系人：Joseph Au），地址：36 Robinson Road, #10-06 City House, Singapore 068877，电子邮箱：[email protected]。
免责声明
本文仅供信息参考，不构成任何投资建议或证券买卖要约。投资者应自行尽职调查，并咨询专业顾问后再作决策。新加坡交易所及公司赞助商对本文内容的准确性或完整性不承担任何责任。
