SingHaiyi

  • 20 Serangoon Ave 2, Singapore
  • Condominium
  • 30-year Leasehold

Description

Singapore-listed SingHaiyi Group plans to raise net proceeds of up to about $143.16 million out of maximum gross proceeds of around $143.51 million, revealed an SGX filing on Monday (26 December). It intends to use $14.32 million to $42.95 million out of the net proceeds for general corporate and working capital purposes, while $100.21 million to $128.84 million will be utilised for real estate investments. This will be achieved through the issuance of up to about 1.44 billion new SingHaiyi ordinary shares for $0.10 apiece. This represents a discount of approximately 16.7 percent to the company�s closing price of $0.12 during the announcement date on Monday. It also translates to an 11.8 percent discount to its theoretical ex-rights price of $0.113 per share. In addition, Haiyi Holdings, which holds a 56.17 percent stake in the firm, has made an irrevocable undertaking to subscribe for its pro rata entitlement of 806.18 million rights shares as well as all those in excess of the provisional allotments in the issuance. �Because of the irrevocable undertaking and the savings in costs for the company as a result of not having to bear any underwriting fees, SingHaiyi has decided to proceed with the rights issue on a non-underwritten basis,� it said in a statement. Pursuant to the issuance, wherein the exact date has yet to be announced, it has appointed United Overseas Bank (UOB) to manage the exercise. �The company will be making an application to the SGX-ST for dealing, listing and quotation, of the rights shares on the main board. An appropriate announcement will be made in due course when the firm receives the approval in-principle for the dealing, listing and quotation of the shares,� it added.

By Sam Shong on 15/12/2017  
Project Name Anna
Showflat Open Date 15/july/2018
Offcial Launch Date: 15/july/2018
Unit Mix/Size/Est Mat Fee: 2bdrm / 640sqft
Indicative Price Ave PSF $ 1xxx
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Property Details

Property Details

Project Name SingHaiyi
District Number 11
Site Area 2000 Sq Mt.
Tenure 30-year Leasehold
TOP DATE May 2023
Estimated Legal completion 2023
Total Units 150
Total Car Park Lots 150

Unit Details

Unit Details

Unit Type Typical Size (Sqft/Sqm) No. of Available Units

Location Map

Location Map

Site Plan

Site Plan

Diagrammatic Chart

Diagrammatic Chart

b1

Unit/ FLR 0102
152bdrm
#15-01
142bdrm
#14-01
132bdrm
#13-01
122bdrm
#12-01
112bdrm
#11-01
101bdrm
#10-01
2bdrm
#10-02
91bdrm
#9-01
2bdrm
#9-02
81bdrm
#8-01
2bdrm
#8-02
71bdrm
#7-01
2bdrm
#7-02
61bdrm
#6-01
2bdrm
#6-02
51bdrm
#5-01
2bdrm
#5-02
41bdrm
#4-01
2bdrm
#4-02
31bdrm#3-01
2bdrm
#3-02
21bdrm
#2-01
2bdrm
#2-02
11bdrm
#1-01
2bdrm
#1-02

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