ASX/Media Release 31 May 2016 BUSINESS UPDATE The Directors of Chapmans Limited (ASX: CHP) (Chapmans, the Company) are pleased to provide the following update on its current investments.
Digital Star Media Holdings Pty Ltd (DSM) - DSM has finalised a $1.5 million pre-IPO capital raise on a pre money valuation of $12 million;
- Chapmans has agreed to invest a further $500,000 in this pre-IPO round; - Chapmans will now hold a 39.25% direct holding in DSM;
- Chapmans shareholding in DSM is valued at $5.3 million; and - DSM anticipated to IPO late 2016 or early 2017.
Digital4ge - Reffind (RFN) successfully raised $2 million for working capital in April 2016;
- Chapmans has a 6.7% look through interest in RFN which at the current share price is valued at $0.9 million;
- Visual Amplifiers Limited (VAMP) IPO withdrawn on 4 May 2016; - VAMP currently reviewing its IPO strategy; and - Chapmans has a 10% look through interest in VAMP which equates to a value of $1.2 million and also a 1.25% direct interest via its $150,000 investment in VAMP, a total value of $1.35 million.
Other - Chapmans holds approximately 40M shares in Capital Mining Limited (CMY) valued at $0.24 million; and - Chapmans holds 1.25M shares in SkyFii Limited (SKF) valued at $0.125 million.
END
- Forums
- ASX - By Stock
- CHP
- Ann: Business Update-CHP.AX
Ann: Business Update-CHP.AX, page-3
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CHP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online