Lottvision

Lottvision: In connection with the minimum trading price requirement imposed by SGX, Lottvision proposed a capital reorganisation exercise on 19 Dec, which comprises a share consolidation (40-into-1), capital reduction and capital increase. The proposed exercise will not result in any change in share ownership, nor a return of capital or cash for current shareholders. At this point, a special general meeting date to obtain shareholders' approval has not been called. Subject to the completion of the exercise, Lottvision will place out 20m new shares to four individual investors- Deng Jiaoyan, Li Xiaomin, Tian Heng and Zhu Lin, at $0.32/share.