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China Animal Healthcare – delisting plans may finally be going ahead…….
By Kevin Scully-Financial Blog  •  September 26, 2012
China Animal Healthcare - delisting plans may finally be going ahead....... Wednesday, 26 September, 2012  10:37 AM
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 ...

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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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