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Announcements

Responses To SGX Queries Received On 27 January 2021

Jan 30, 2021
Announcement Title Response to SGX Queries
Date & Time of Broadcast Jan 30, 2021 9:14
Status New
Supplementary Title On Other Announcements
Others (Please Specify) Announcements released on 26 January 2021
Announcement Reference SG210130OTHR77GP
Submitted By (Co./ Ind. Name) Tan Chee Bun Gordon
Designation Executive Director
Description (Please provide a detailed description of the change in the box below) Please refer to the attachment in respect of the Responses to SGX-ST Queries on the Announcements released on 26 January 2021, as follows:

1. Proposed subscription of 167,400,000 new ordinary shares in the capital of the Company at a subscription price of S$0.125 per share;

2. Proposed acquisition of 51.0% shareholding in the total ordinary share capital of International Biometrics Pte. Ltd.; the proposed diversification into the new business of development and provision of identity management biometric technology solutions; and the proposed investment in TECH 5 SA through a loan convertible into shares and entry into a preferential licensing agreement with TECH 5 SA.

Attachments

  1. Attachment 1 (Size: 104,276 bytes)