Post by oldman on Jan 9, 2014 9:56:27 GMT 7
It is amazing that so many punters are still buying Transcu at 0.2cts when there can be so many more shares issued at a discount of 20%. Really feel sorry for these punters. Sometimes, TA should be accompanied by at least some FA.... Theoretically, even if the share price collapses to 0.1ct, the financial institution can still make 20% selling shares to those who want these at 0.1ct.
Worse, the company has just entered the SGX Watchlist.
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THE PROPOSED ISSUE OF 1.0% EQUITY LINKED REDEEMABLE STRUCTURED CONVERTIBLE NOTES DUE 2016
- ALLOTMENT OF THE CONVERSION SHARES PURSUANT TO THE CONVERSION OF THE FIRST SUB-TRANCHE OF TRANCHE 1 NOTES IN THE AGGREGATE AMOUNT OF S$200,000
Capitalised terms used herein shall have the same definitions ascribed to them in the Company’s
circular to shareholders dated 4 November 2013, unless otherwise stated or the context
otherwise requires.
The board of directors (the “Board”) of Transcu Group Limited (the “Company”) refers to the
announcements dated 19 December 2013 and 23 December 2013 in relation to the issue of the
first sub-tranche of the Tranche 1 Notes with a principal amount of S$1,000,000 and the
conversion of the first sub-tranche of Tranche 1 Notes in the aggregate principal amount of
S$200,000 into 125,000,000 Conversion Shares, at the Floating Conversion Price of S$0.0016.
The 125,000,000 Conversion Shares were issued and allotted on 03 January 2014 and will be
listed and quoted on the SGX-ST on 08 January 2014. The Conversion Shares rank pari passu in
all respects with the existing shares of the Company except for any dividend, rights, allotment or
other distributions the record date of which is before the relevant Conversion Date of the Notes.
BY ORDER OF THE BOARD
TRANSCU GROUP LIMITED
Lawrence Komo
Chief Executive Officer
07 January 2014
Worse, the company has just entered the SGX Watchlist.
------------------
THE PROPOSED ISSUE OF 1.0% EQUITY LINKED REDEEMABLE STRUCTURED CONVERTIBLE NOTES DUE 2016
- ALLOTMENT OF THE CONVERSION SHARES PURSUANT TO THE CONVERSION OF THE FIRST SUB-TRANCHE OF TRANCHE 1 NOTES IN THE AGGREGATE AMOUNT OF S$200,000
Capitalised terms used herein shall have the same definitions ascribed to them in the Company’s
circular to shareholders dated 4 November 2013, unless otherwise stated or the context
otherwise requires.
The board of directors (the “Board”) of Transcu Group Limited (the “Company”) refers to the
announcements dated 19 December 2013 and 23 December 2013 in relation to the issue of the
first sub-tranche of the Tranche 1 Notes with a principal amount of S$1,000,000 and the
conversion of the first sub-tranche of Tranche 1 Notes in the aggregate principal amount of
S$200,000 into 125,000,000 Conversion Shares, at the Floating Conversion Price of S$0.0016.
The 125,000,000 Conversion Shares were issued and allotted on 03 January 2014 and will be
listed and quoted on the SGX-ST on 08 January 2014. The Conversion Shares rank pari passu in
all respects with the existing shares of the Company except for any dividend, rights, allotment or
other distributions the record date of which is before the relevant Conversion Date of the Notes.
BY ORDER OF THE BOARD
TRANSCU GROUP LIMITED
Lawrence Komo
Chief Executive Officer
07 January 2014
