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Modern Overseas Investment Limited signs a Subscription Agreement with Vulcan Industrial & Mining Corporation
The Modern Overseas Investment Limited, a wholly owned subsidiary of China Trend, had signed a Subscription Agreement in April 21, 2012 with Vulcan Industrial and Mining Corporation to make a private placement of Php450 million in par value Vulcan shares. Another Subscription Agreement was also signed by Mr. William Chan Wai Keung for another private placement of Php450 million under a local corporation Cerberus Corporation. They have ninety (90) days to complete the documentation, approvals and fund the private placements.
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