On 26 Sep, before market opened, China Animal (“CAL”) announced that it has entered into a conditional Subscription Agreement with two new investors, Themes and SEB Listed PE Fund for subscription of Subscription Shares and Warrants. If the conditions to the Subscription are satisfied, this would raise an aggregate amount of S$47.7m to be primarily used to partly fund the Possible Delisting Offer. More than 3 months have passed (and pertaining to the delisting), CAL had updated investors that “the arranging of third-party financing for the Possible Delisting and other associated workstreams are now at an advanced stage and are ongoing as at the date of this announcement” […]