Singaporean Investor Commits $3 Million to WasteCo Group
What happened
Navaa Holdings Pte Limited, a Singaporean investor, agreed to subscribe for 287,714,754 new shares in WasteCo Group Limited at an issue price of $0.007 per share, totaling $2,014,003.28. The investor also advanced $985,997 to WasteCo, carrying 8% interest for 18 months, making the initial investment $3 million. The investor conditionally agreed to a subsequent subscription for 867,761,547 further shares on May 3, 2027, pending shareholder approval and due diligence.
From sharechat.co.nz
Why it matters
If both the initial and subsequent subscriptions are completed, the investor would hold 50.1% of the voting rights in WasteCo Group Limited on a non-dilutive basis. WasteCo Group Limited has also agreed to appoint a director nominated by the investor.
From sharechat.co.nz
Who's involved
- SingaporeLocation of the investor, Navaa Holdings Pte Limited
Keep exploring
The entities involved
-
Singapore
sovereign island country and city-state in maritime Southeast Asia
Related events
- AirTrunk is working on the IPO process in the Singapore market, seeking draft registration approval.
- APAR Industries Limited is investing in a wholly-owned subsidiary located in Singapore.
- Singapore invites private sector investment into South Asia's massive market, focusing on logistics cooperation and signing MoUs.
- Reliance Power made an overseas investment into a subsidiary located in Singapore.
- Analyst ratings for Republic Power Group Limited, based in Singapore, were published on MarketBeat.