Singapore and Hong Kong – 16th May 2009 - AIF Capital, one of the largest Asia-based independent private equity firms, today announced that it had committed to invest S$37.5 million (US$26 million) in a Singapore listed company, Oceanus Group Limited (Oceanus), the world’s largest land-based producer of premium quality Japanese abalones.Â The investment was made by way of a loan with warrants, for an 11.1% interest in the Company upon exercise of warrants (with an exercise price of S$0.15). The loan carries 9% interest per annum for a term of 3 years.
At the same time, Oceanus was informed that it will be a new constituent of MSCI Singapore Small Cap Index. This new addition will take place as of the close of May 29, 2009. (more…)PDFPrint