De.mem Press Release: Offer Closes Early & Oversubscribed – Maximum of $4.5 Million Raised
Tuesday 28 February 2017: De.mem Limited (“De.mem” or “the Company”) advises it has closed its offering early and oversubscribed, successfully raising the maximum amount of $4.5 million.
The offer closed on Friday 24 February 2017 at AEST 5pm, one week ahead of its scheduled close of 2 March 2017. The company’s shares are expected to begin trading on the Australian Securities Exchange (ASX) in March 2017 subject to ASX admission process.
De.mem is expected to list on the ASX under the ASX Code DEM with an implied market capitalization of approximately $19 million, based on the $0.20 per share offer price.
De.mem CEO Andreas Kroell: “The response to this offer has been exceptional and further reinforces the public interest in sustainable water treatment solutions.”
For further enquiries please contact:
Director, Ventnor Capital
M: +61 498 777 841
About De.mem Limited (ASX:DEM) | www.demembranes.com
De.mem Pte Ltd’s focus is in de-centralised water treatment with the industrial waste water segment being its main business area. The company designs, builds, owns and operates customized and high-quality industrial waste water treatment systems for its clients. Those include multinational corporations from sectors such as electronics, plating, chemicals, oil & gas and the food & beverage industry. De.mem acts as a “problem solver”, based on its extensive track record and using its network of affiliates and advisors. The company has licensed a number of proprietary technologies from its partner in research & development, Singapore’s Nanyang Technological University (NTU). It is headquartered and has a manufacturing site in Singapore, with a subsidiary in Ho Chi Minh City, Vietnam.