Contel

Contel: Update on 1 for 1 rights issue of 583.7m shares at $0.015 for each rights share announced on 10 Dec 2010. Individual investor Patrick Tan Choon Hock who holds 12.1% of co's shareholdings have undertaken to subscribe for entitled 70.4m shares and a further 129.6m shares if unsubscribed by other investors.