Memiontec Holdings Ltd. Secures Listing and Quotation Notice for Rights cum Warrants Issue
Key Points:
Memiontec Holdings Ltd. received a listing and quotation notice from the Singapore Exchange Securities Trading Limited (SGX-ST) for its Rights cum Warrants Issue.
The issue involves up to 440,514,000 Rights Shares at S$0.009 each and up to 704,822,400 free detachable Warrants.
Each Warrant carries the right to subscribe for one new ordinary share at an exercise price of S$0.003.
Important Update for Shareholders
Memiontec Holdings Ltd. (the “Company”) announced on March 24, 2025, that it has received a listing and quotation notice (“LQN”) from the SGX-ST for the dealing in, listing of, and quotation for:
Up to 440,514,000 Rights Shares;
Up to 704,822,400 Warrants; and
Up to 704,822,400 New Shares arising from the exercise of the Warrants.
Terms of the Rights cum Warrants Issue
The Rights cum Warrants Issue is on the basis of:
Two (2) Rights Shares for every three (3) existing ordinary shares in the Company held as at the Record Date;
Up to 704,822,400 free detachable Warrants, with eight (8) Warrants for every five (5) Rights Shares subscribed for.
The issue price for each Rights Share is S$0.009, and the exercise price for each Warrant is S$0.003.
Conditions for Listing
The LQN is subject to the following conditions:
Compliance with the SGX-ST’s listing requirements;
Shareholders’ approval of the Rights cum Warrants Issue to be obtained at the Extraordinary General Meeting (EGM); and
Submission of a confirmation that a sufficient spread in the Warrants as required under Rule 826 of the Catalist Rules is complied with.
Offer Information Statement
The Company will disseminate an Offer Information Statement to Entitled Shareholders in due course. Appropriate announcements will be made in relation to the lodgement and dissemination of the Offer Information Statement.
Cautionary Statement
Shareholders and potential investors are advised to exercise caution when dealing or trading in the Shares. The completion of the Rights cum Warrants Issue is subject to certain conditions, and there is no certainty or assurance that the issue will be completed or that no changes will be made to the terms.
Impact on Share Price
The receipt of the LQN is a significant step towards the completion of the Rights cum Warrants Issue. However, shareholders should note that the issue is subject to various conditions, including shareholders’ approval at the EGM. The success of the issue may have a positive impact on the Company’s share price, but investors should also be aware of the risks and uncertainties associated with the issue.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Investors should consult their financial advisors before making any investment decisions. The information contained in this article is based on publicly available data and may not be up-to-date or accurate. The Company and its subsidiaries, as well as their directors, officers, and employees, may have interests in the securities mentioned in this article.
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