SunVic Chemical   

Call Option Agreement

SunVic

___3 mths ended Sep 2009___

Net Loss (S$M)___

-$1.26

 

"Proposed call option agreement to be entered into by the company, Whitefield capital inc, Sun Li Peng and Sunvic Asia Pacific Investment Pte Ltd, pursuant to which the company is granted a call option by SVAP to subscribe for up to 65,000,000 new ordinary shares of SVAP, at an issue price of SGD 1.00 per share"

 Is there any experts can explain what is this statement for ? Thanks for ur kind interests and time.