15 Feb 2016
Rights Issue for Moya Holdings Asia Limited
Goh Kian Hwee, Howard Cheam, Lim Yi Chao and Esther Cher from the Capital Markets / Mergers & Acquisitions Practice Group Acted for Catalist-listed Moya Holdings Asia Limited (“Company”, and together with its subsidiaries, the "Group") in relation to the proposed renounceable non-underwritten rights issue of up to 1,584,222,786 new ordinary shares in the capital of the Company ("Rights Shares") at an issue price of S$0.033 for each Rights Shares on the basis of five (5) Rights Shares for every four (4) existing ordinary shares in the capital of the Company held by entitled shareholders as at the books closure date, to raise gross proceeds of approximately S$50.61 million. The Rights Issue was managed by Canaccord Genuity Singapore Pte. Ltd.
The Group is principally engaged in the investment and development of total water solutions and aims to be the partner of choice to cities, private and public entities for their reliable, sustainable and cost effective water supply. With a proximate focus on Indonesia, the Group has secured three build, operate and transfer projects, under contract and development by its subsidiaries, PT Moya Bekasi Jaya, PT Moya Tangerang and PT Moya Makassar.