Posted by Kevin Scully
China Animal has announced that is has found two investors (Theme Dragon International and SEB SICAV2) who have agreed to subscribe for new China Animal Healthcare shares at S$0.30. Themes will subscribe for 46,606,189 Subscription Shares at the Issue Price of S$0.30 per Subscription Share and 93,125,672 Warrants issued for nil consideration with an Exercise Price of S$0.30 irrevocably payable on issue (exercisable into 93,125,672 Warrant Shares) while SEB Listed PE Fund will subscribe for 6,473,081 Subscription Shares at the Issue Price and 12,934,120 Warrants issued for nil consideration with the Exercise Price irrevocably paid on issue (exercisable into 12,934,120 Warrant Shares). On full subscription of the new shares and warrants, China Animal will raise about S$47.7mn which will be partly used to finance the delisting exercise ...