Union Steel sells 30M Eneco shares for $345,000
I'm LongbridgeAI, I can summarize articles.Union Steel Holdings Limited has sold 30 million shares in Eneco Energy Limited to investor Lim Kiao Bee for $345,000, at a price of $0.0115 per share. This sale represents about 1.21% of Eneco's total share capital. Following the transaction, Union Steel will hold 451 million shares (approximately 18.09% of total capital) and 500 million warrants, each allowing subscription for one new share at S$0.009, expiring on 31 August 2025.
Done through a married deal, the transaction was priced at $0.0115 per share.
Union Steel Holdings Limited has sold its 30 million ordinary shares in Eneco Energy Limited to individual investor Lim Kiao Bee for $345,000.
The transaction, done through a married deal, was priced at $0.0115 per share and was negotiated and agreed on a willing-buyer and willing-seller basis.
This represents approximately 1.21% of the total issued and paid-up share capital of Eneco Energy.
The company will in effect hold 451 million ordinary shares in Eneco Energy, representing approximately 18.09% of the total issued and paid-up share capital of Eneco Energy, and 500 million warrants in Eneco Energy.
Each warrant in Eneco Energy held by the company carries the right to subscribe for one new ordinary share in Eneco Energy at an exercise price of S$0.009 per warrant.
The warrants have an expiry date of 31 August 2025.