Business News • MarketWire • Ridgewood Investments (Mauritius) Pte Ltd Subscribes for US$50 Million of Common Shares of Platmin Limited |
Ridgewood Investments (Mauritius) Pte Ltd Subscribes for US$50 Million of Common Shares of Platmin Limited |
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Ridgewood Investments (Mauritius) Pte Ltd Subscribes for US$50 Million of Common Shares of Platmin Limited
TORONTO, ONTARIO--(Marketwire - May 5, 2010) - Temasek Holdings (Private) Limited has announced that on May 5, 2010, its indirect subsidiary Ridgewood Investments (Mauritius) Pte Ltd ("Ridgewood") entered into a subscription agreement with Platmin Limited ("Platmin") to subscribe for and purchase, pursuant to a US$250,000,000 public offering by Platmin under a prospectus dated May 5, 2010, 41,152,263 new common shares in the capital of Platmin, representing approximately 6.32% of the issued and outstanding common shares of Platmin after giving effect to the public offering (8.46% before giving effect to the public offering) for an aggregate purchase price of US$50,000,000 (CAD$51,329,432.30 at an exchange rate of 1CAD = 0. 9741US, using the Bank of Canada noon rate as at May 5, 2010). The transaction remains subject to the satisfaction of customary closing conditions.
View More : http://www.marketwire.com/mw/release.do?id=1159825&sourceType=3
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