Renaissance had previously sought approval from SGX to allow two Malaysian private investors – Tan Chin Chuan and Tan Chek Meng – to subscribe to 1.23 billion new shares in the company at $0.000900177 each. The proposed subscription, which was first announced on Feb 27, would have some $1.1 million.
SINGAPORE (Oct 4): Renaissance United, the former IPCO International, says Singapore Exchange has rejected the revised application for a planned subscription agreement of new shares in the company.
