Initial Public Offering of Vividthree Holdings Ltd on the Catalist Board of the Singapore Exchange S
The board of directors (the “Board”) of mm2 Asia Ltd. (the “Company”, and together with its subsidiaries, the “Group”) refers to the announcements released by the Company on 3 March 2015, 8 April 2015, 14 May of 2015, 31 January 2018, 7 April 2018, 23 April 2018, 15 May 2018, 28 August 2018, 29 August 2019,13 September 2018 and 17 September 2018 (the “Announcements”). Unless otherwise defined, all terms and references used herein shall bear the same meaning ascribed to them in the Announcements.
1. LISTING OF VIVIDTHREE HOLDINGS LTD. (“VVH”)
The Board is pleased to announce the initial public offering of VVH of an aggregate of 51,800,000 Placement Shares in the capital of VVH at the issue price of S$0.25 per Placement Share.
All of VVH’s issued ordinary shares (including the Placement Shares) were listed on the Catalist Board of the SGX-ST on 25 September 2018 and trading of the Shares had commenced from 9.00 a.m. on the same date.
2. MM2’S SHAREHOLDING IN VVH
Following the completion of the Placement and as at the date of this announcement, the Company’s shareholding interest of 138,720,000 ordinary shares in VVH is approximately 41.53% of the total number of issued ordinary shares in VVH.
3. DIRECTORS’ RESPONSIBILITY STATEMENT
The Directors (including those who may have delegated detailed supervision of the Placement) collectively and individually accept full responsibility for the accuracy of the information given in this announcement and confirm after making all reasonable enquiries that, to the best of their knowledge and belief, this announcement constitutes full and true disclosure of all material facts about the Placement, VVH, the Company and its subsidiaries, and the Directors are not aware of any facts the omission of which would make any statement in this announcement misleading. Where information in this announcement has been extracted from published or otherwise publicly available sources or obtained from a named source, the sole responsibility of the Directors has been to ensure that such information has been accurately and correctly extracted from those sources and/or reproduced in this announcement in its proper form and context.
4. TRADING CAUTION
Shareholders and potential investors of the Company are advised to read this announcement and any further announcements by the Company carefully. Shareholders of the Company are advised to refrain from taking any action in respect of their securities in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the securities of the Company. In the event of any doubt, shareholders of the Company should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.