Acted for MTQ Corporation Limited in its a renounceable underwritten rights cum warrants issue

We acted for MTQ Corporation Limited in its a renounceable underwritten rights cum warrants issue of up to 61,805,259 new ordinary shares with up to 15,451,313 free detachable warrants.

The estimated net proceeds arising from the Proposed Rights cum Warrants Issue, after deducting estimated professionals’ fees and related expenses, was approximately S$12.1 million.