Examples of Net Subscription Moneys in a sentence
The Directors are also of the opinion that, after taking into consideration the present bank facilities and Net Subscription Moneys, the working capital available to the Group is sufficient to meet its present requirements.
The Company will make periodic announcements on the utilisation of the Net Subscription Moneys as and when the Net Subscription Moneys are materially disbursed, and provide a status report on the use of the Net Subscription Moneys in the Company’s annual report.
Further, the Net Subscription Moneys should not be placed in any instrument or funds that are of high risk, including but not limited to, quoted securities, non- investment grade bonds and derivatives.
Prior to deployment, the Net Subscription Moneys may be placed as deposits with financial institutions, provided that the Net Subscription Moneys are not placed in any instrument or funds that hinders easy and immediate access to the Net Subscription Moneys.
Notwithstanding the above, the Net Subscription Moneys will not be subject to the Selective Capital Reduction Exercise and the placees pursuant to the Placement will not be entitled to benefit from the Selective Capital Reduction Exercise.