Monday, January 17, 2011

Inno-Pacific Holdings

Inno-Pacific Holdings: Announced that the Co. has today entered into separate placement agreements pursuant to which the Company has agreed to allot and issue an aggregate of 215,000,000 new ordinary shares in the capital of the Co and the Subscribers has agreed to subscribe for the Placement Shares, at an issue price of $0.009 for each Placement share amounting to an aggregate consideration of $1,935,000

The Issue Price represents a discount of approximately 10% to the weighted average
price of $0.010 for each Share, based on trades done on 14th Jan 2011.

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