Following the completion of the subscription agreement, Chua and Teo will hold a respective stake of 1.65% and 2.03% in the company’s total enlarged number of shares.
H2G Green (formerly P5 Capital) is proposing to place 47.4 million new ordinary shares in the capital of its company via subscription agreements with two investors, Chua Weijie and Teo Tat Beng. The shares will be issued at 2.11 cents apiece, amounting to a total consideration of $1 million.
Chua and Teo are both said to be private investors and were introduced to the group by the company’s CEO and executive director, Lim Shao-Lin. Teo’s wife, Sim Siew Tin, already holds 17.25 million shares in H2G Green.
