|
| Exchange Disseminated Time 09/06/2016 18:54:52 | Polyplex Corporation Ltd has informed BSE that, consequent upon allotment of shares by Polyplex (Thailand) Public Company Limited, Thailand (Polyplex Thailand), a Company listed on The Stock Exchange of Thailand, to the Company and its wholly owned subsidiary viz. Polyplex (Asia) Pte. Limited, Singapore, pursuant to the Rights offering of ordinary shares (including purchases from open market), the effective stake of the Company in Polyplex Thailand has increased from 51.99% to 54.08%.
Further, Company’s direct stake in Polyplex Thailand prior to allotment / market purchase of aforesaid shares was 16.50% and through its wholly owned subsidiary viz. Polyplex (Asia) Pte. Limited, the same was 34.50% and hence the collective stake was at 51.00%.
The Rights offering of shares has been made by Polyplex Thailand, at a price of Baht 6.40 per share of the face value of Baht 1.00 each. |
|
|