Jadason completes JTL/Metason acquisition; issues 330m shares at S$0.013, lifting share base to 1.05bn
Summary:
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Jadason Enterprises has completed the acquisition of 100% of Jadason Technology Limited and Metason Limited on 22 January 2026, after all conditions precedent under the agreement were satisfied.
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As consideration, the company has allotted and issued 330,000,000 new shares at S$0.013 each to the vendors, fully paid and free of encumbrances, ranking pari passu with existing shares and entitled to future dividends.
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The enlarged issued share capital (excluding 3.67m treasury shares) has increased from 722,395,000 to 1,052,395,000 shares, with the new consideration shares expected to start trading on SGX Mainboard at 9:00 a.m. on or about 26 January 2026.
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SGX-ST has granted in-principle approval for the listing and quotation of the consideration shares, with Jadason to provide further updates on the satisfaction of any earnout-related conditions under the acquisition agreement.