VCPlus Limited Completes Partial Share Subscription, Raises S$1.02 Million
Summary:
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Partial Completion of Share Subscription: On 2 June 2025, VCPlus Limited completed a partial allotment of 300 million new ordinary shares, raising S$1.02 million from Eastlink Company Services Limited and Mr. Fang Yuyou.
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Outstanding Subscriptions: The remaining S$6.46 million in subscription proceeds from Glipsal Industrial (Product) Limited and HTG Group Limited are pending, due to unforeseen cross-border fund transfer issues.
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Increase in Share Capital: Following the partial completion, VCPlus's total issued share capital increased from 5.37 billion to 5.67 billion shares.
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Listing of New Shares: The newly issued shares are expected to be listed and quoted on the SGX Catalist Board on or around 4 June 2025, with trading commencing at 9:00 a.m. on the same day.
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Future Actions: The company intends to submit a new listing and quotation notice for the remaining subscriptions and will provide further updates as appropriate.
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Investor Advisory: Shareholders and potential investors are advised to exercise caution when trading VCPlus shares, as there is no assurance that the outstanding subscription agreements will be completed.