News
Use Of Proceeds From The Initial Public Offering
Back
Sep 03, 2009
The Board of Directors of Teho International Inc Ltd. (the "Company") refers to the Company's Offer Document dated 25 May 2009 ("Offer Document") in relation to the initial public offering of the Company's shares on the Catalist.
The Board wishes to provide an update on the use of the proceeds raised by the Company from the issue of the New Shares. In accordance with the "Use of Proceeds from the Placement and Expenses Incurred" section of the Offer Document, the Company wishes to announce that after deducting listing expenses of approximately S$1.1 million, the balance net proceeds of approximately S$1.7 million have been utilised for general working capital purposes.
BY ORDER OF THE BOARD
TEHO INTERNATIONAL INC LTD.
Lim Siew Cheng
Executive Director and Chief Operating Officer
3 September 2009
This announcement has been prepared by the Company and reviewed by the Company's Sponsor, Collins Stewart Pte. Limited. The Company's Sponsor assumes no responsibility for the contents of this announcement.
This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr. Alex Tan Tiong Huat, Managing Director, Corporate Finance, Collins Stewart Pte. Limited at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.
The Board wishes to provide an update on the use of the proceeds raised by the Company from the issue of the New Shares. In accordance with the "Use of Proceeds from the Placement and Expenses Incurred" section of the Offer Document, the Company wishes to announce that after deducting listing expenses of approximately S$1.1 million, the balance net proceeds of approximately S$1.7 million have been utilised for general working capital purposes.
BY ORDER OF THE BOARD
TEHO INTERNATIONAL INC LTD.
Lim Siew Cheng
Executive Director and Chief Operating Officer
3 September 2009
This announcement has been prepared by the Company and reviewed by the Company's Sponsor, Collins Stewart Pte. Limited. The Company's Sponsor assumes no responsibility for the contents of this announcement.
This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr. Alex Tan Tiong Huat, Managing Director, Corporate Finance, Collins Stewart Pte. Limited at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.
