ASIA WATER NEWS IN BRIEF
- From: Vol 10, Issue 9 (September 2009)
- Category: Brief
- Region: Asia
- Related Companies: Asia Water Technology, Bio-Treat Technology, Hyflux, Japan Bank for International Cooperation, Ranhill Utilities and Sinomem Technology
Sinomem Technology has agreed to sell up to 50 million new ordinary shares via placement agent CIMB-GK Securities, at an issue price of S$0.62 (US$0.44) per share.
* The company intends to use the net proceeds of S$30 million (US$21 million) to expand its water business, including further investment in BOTs.
* Shares in Asia Water Technology ceased trading on 7th September after the company announced that it had appointed receivers. The situation came to a head after CLSA Mezzanine Management demanded immediate payment of US$33 ...
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