$1m is flooded in tmr 14jan not today 😂


Clearbridge Health completes placement of 309.5 million shares

The company&rsquo s total issued shares have increased to 2.17 billion shares.

Clearbridge Health Limited has completed its  placement  of 309.5 million new ordinary shares at $0.0031 per share, as announced on 19 December 2024 and 9 January 2025.

Following the placement, the company&rsquo s total issued shares have increased from 1.86 billion to 2.17 billion shares. The new shares will be listed and quoted on the SGX-ST&rsquo s Catalist board starting 14 January 2025, with trading set to begin at 9:00 a.m.

The new shares will rank pari passu with existing shares but will not entitle holders to any dividends or distributions declared before the allotment date.

Clearbridge Health has completed the proposed placement of 309.5 million new ordinary shares to its subscriber, Ong Choon Yi, on Jan 10.

 

The company entered into a subscription agreement with Ong on Dec 19, 2024, where Ong agreed to subscribe and pay $959,450 for the shares. The price translates to 0.31 cents per share, which is equivalent to the volume weighted average price (VWAP) of 0.31 cents per ordinary share in the capital of the company based on trades done on the same day.

 

Ong is the vice president of Maybank Securities and has been since 2007. He is also the non-executive chairman and lead independent director of Catalist-listed VCPlus. In addition, Ong is a director of a consultancy company providing business and management advisory services. According to Clearbridge&rsquo s filing on Dec 19, 2024, Ong has 17 years of experience with corporate finance transactions and fund-raising including initial public offerings and reverse take-overs. He was first introduced to Clearbridge by the senior management of the company.

 

Following the proposed placement, Ong&rsquo s stake in the company rose from 0.11% to 14.36%.

 

Following the completion of the proposed placement, the company&rsquo s total issued shares increased from 1.86 billion shares to 2.17 billion shares. The company has no treasury shares and subsidiary holdings as at Jan 10.

 

The shares are expected to be listed and quoted on the Catalist board on Jan 14 trading of the shares is expected to commence with effect from 9am on the same day.

Wow this also got news on the edges ah. Huat ah

 

 

 

 

The Subscription Shares are expected to be listed and quoted on the Catalist board of the SGXST on 14 January 2025 and trading of the Subscription Shares is expected to commence with effect from 9:00 a.m. on 14 January 2025.