? Placement of 204.05 million new shares and grant of option to subscribe for 204.5 million new shares to strategic/private investors to fund the acquisition of 20% stake in cement  anufacturer, Dragon Cement Co., Ltd

Singapore and Hong Kong, 12 September 2013 ? WE Holdings Ltd. (?WE Holdings? or ?the Company?) is pleased to announce that the Company has entered into share placement agreements (?Placement Agreements?) with 12 private investors (?Placees?), and will allot and issue an aggregate of 204.05 million new ordinary shares in the capital of the Company (?Shares?) (?Placement Shares?) at an issue price of S$0.04302

The Placees are also granted the option to subscribe for an aggregate amount of 204.05 million additional Shares (?Option Shares?) at the issue price of S$0.047322 1 per Placement Share (?Issue Price?), for an aggregate amount of approximately S$8.8 million (?Proposed Placement?).2 per Option Share (?Option Price?), for an aggregate amount of approximately S$9.7 million (?Option?). The Option may be exercised within three months from the date of the Placement Agreements, provided that such Placee intending to exercise the Option has completed the subscription of his/her own portion of the Placement Shares.

Toh Soon huat

Dr Toh Soon Huat is an

accredited investor with

more than 20 years of

investing experience. He

is currently the

Executive Chairman of

Novena Foundation Pte

Ltd which is an

investment company

and Executive Director

of Jubilee Industries

Holdings Ltd, a provider

of precision plastic

injection mould design

and fabrication,

precision plastic

injection moulding and

value added services

PLACEMENT 40,000,000    $$$1,720,800

 

See the link http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content& B=AnnouncementLast3MonthsByCompanyNameAndCategory& F=901409

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