12 Jun 2015
Rights Issue for Yamada Green Resources Limited
Danny Lim and Mariana Lesmana from the Capital Markets / M&A Practice Group are acting for Yamada Green Resources Limited (“Company” and together with its subsidiaries, “Group”) in relation to the proposed renounceable underwritten rights issue (“Rights Issue”) of 270,333,587 new ordinary shares in the capital of the Company (“Rights Shares”) at an issue price of S$0.07 for each Right Share on the basis of one (1) Rights Share for every two (2) existing ordinary shares in the issued and paid-up capital of the Company held by shareholders of the Company as at the book closure date to be determined by the directors, to raise gross proceeds of approximately S$18.9 million. The Rights Issue is underwritten by UOB Kay Hian Pte. Ltd.
The Group is a major grower, manufacturer and supplier of fresh and processed agricultural products in Fujian Province in the Peoples’ Republic of China (“PRC”). Its products are sold in major cities in PRC and Japan through a well-established network under its trademarked brands.