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Any advise : The Board wishes to inform that pursuant to Clause 5.1 of the Agreement, the Company had capitalised S$3,180,103 of the intercompany loan owing by Sino-Twinwood to the Company by way of Sino-Twinwood issuing 3,180,103 new ordinary shares in the capital of Sino-Twinwood at an issue price of S$1 each to the Company. Each such new ordinary share is credited as fully paid-up and all such new ordinary shares rank pari passu in all respects with the existing issued ordinary shares in Sino-Twinwood.
Any advise ?
