GENERAL ANNOUNCEMENT::SUCCESSFUL CLOSE AND FULL SUBSCRIPTION OF SERIES 006 OF 3- MONTH COMMERCIAL PAPERS OF S$13.69 MILLION
Issuer & Securities
Issuer/ Manager
CSC HOLDINGS LIMITED
Securities
CSC HOLDINGS LTD - SG1F84861094 - C06
Stapled Security
No
Announcement Details
Announcement Title
General Announcement
Date &Time of Broadcast
20-Mar-2025 17:19:02
Status
New
Announcement Sub Title
Successful Close and Full Subscription of Series 006 of 3-Month Commercial Papers of S$13.69 million
Announcement Reference
SG250320OTHR91FV
Submitted By (Co./ Ind. Name)
See Yen Tarn
Designation
Executive Director & Group Chief Executive Of cer
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.
Attachments
Announcement.pdf
Total size =356K MB
CSC HOLDINGS LIMITED
(Company Registration No. 199707845E)
SUCCESSFUL CLOSE AND FULL SUBSCRIPTION OF SERIES 006 OF 3-MONTH COMMERCIAL
PAPERS IN DIGITAL SECURITIES LISTED ON THE SDAX PLATFORM
- S$13.69 MILLION GROSS PROCEEDS RAISED
Reference is made to the Company's announcements made on SGXNET dated 1 December 2023, 14 December 2023, 29 February 2024, 19 March 2024, 29 May 2024, 19 June 2024, 29 August 2024, 19 September 2024, 29 November 2024, 19 December 2024, 6 February 2025, 20 February 2025 and 28 February 2025 (the "SDAX CP Facility Programme Announcements"). Unless otherwise defined, all capitalised terms used herein shall have the same meanings as ascribed to them in the SDAX CP Facility Programme Announcements.
The Board of Directors (the "Board") of CSC Holdings Limited (the "Company" and together with its subsidiaries, the "Group") is pleased to announce that the 3-month Series 006 SDAX Issuance launched on 28 February 2025 has closed today at 11:30 a.m. (Singapore time) and has received strong demand from investors. The Company had received applications from accredited investors and institutional investors for an aggregate amount of S$13.69 million. This represents a 13.5% increase from the amount raised by the Company from its 3-month SDAX Series 005 Issuance, where the Company raised S$12.06 million. Accordingly, the final aggregate amount raised by the Company from the 3-month Series 006 SDAX Issuance is S$13.69 million. The digital securities to be issued by the Company to the subscribers of the 3-month Series 006 SDAX Issuance will be issued on the SDAX Platform on 20 March 2025, and will mature on 19 June 2025.
Certain directors of the Company and the following persons as described in the table below had subscribed for an aggregate principal amount of S$4.45 million, amounting to 32.5% of the 3-month Series 006 SDAX Issuance:
Name | Amount subscribed under | Connection to the Company | |||||
the 3-month Series 006 | |||||||
SDAX Issuance | |||||||
Mr See Yen Tarn | S300,000 | Executive Director and the Group Chief | |||||
Executive Officer of the Company | |||||||
Mr Koo Chung Chong | S$200,000 | Executive Director and Deputy Group | |||||
Chief Executive Officer of the Company | |||||||
Mr Ng Sun Eng | S$300,000 | Brother of Mr Ng San Tiong, Non- | |||||
Executive | Director | and | substantial | ||||
shareholder of the Company | |||||||
Mr Ng Sang Kuey | S$650,000 | Brother of Mr Ng San Tiong, Non- | |||||
Executive | Director | and | substantial | ||||
shareholder of the Company | |||||||
Tat Hong Plant | S$1,000,000 | Tat Hong Plant Leasing Pte Ltd ("THPL"), | |||||
Leasing Pte Ltd | Fersina (Singapore) Pte Ltd ("F(S)PL") | ||||||
and Inprint-Systems Asia Pacific Pte Ltd | |||||||
Fersina (Singapore) | S$1,000,000 | ||||||
("ISAPPL") | are subsidiaries | of Chwee | |||||
Pte Ltd | |||||||
Cheng & Sons Pte Ltd ("CCSPL"), which | |||||||
Inprint-Systems Asia | S$1,000,000 | is one of the substantial shareholders of | |||||
Pacific Pte Ltd | the Company. | ||||||
38.33% of the shares of CCSPL is owned | |||||||
by Chwee Cheng Trust, and Mr Ng San | |||||||
Tiong is one of the four (4) joint trustees of | |||||||
Chwee Cheng Trust. Accordingly, Mr Ng | |||||||
San Tiong also has a deemed interest in | |||||||
THPL, F(S)PL and ISAPPL. | |||||||
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Taurus Point Capital Pte. Ltd., an exempt corporate finance adviser, is the adviser to the Company on the SDAX CP Facility Programme and the the 3-month Series 006 SDAX Issuance.
The Company will make further announcements as and when there are material developments in respect of the SDAX CP Facility Programme and the 3-month Series 006 SDAX Issuance.
BY ORDER OF THE BOARD
See Yen Tarn
Executive Director and Group Chief Executive Officer
20 March 2025
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