06 Jul 2018

Renounceable non-underwritten rights issue to raise up to S$133.5 million

Partner Cynthia Goh and Associate Daryl Chee acted as legal adviser to Moya Holdings Asia Limited ("Company") in connection with the renounceable non-underwritten rights issue of up to 1.41 billion new ordinary shares in the capital of the Company on the basis of one rights share for every two existing ordinary shares held by existing shareholders as at a books closure date, to raise gross proceeds of up to S$133.5 million. The Company and its subsidiaries are principally engaged in the development and operation of water treatment facilities and pipelines as well as the distribution of clean water primarily in Indonesia.