(1) The issuer shall ensure that a minimum of 5% of the number, or S$50 million in value, of the securities offered for subscription or sale, whichever is lower, is allocated to the public subscription tranche.
(2) Where the subscription or sale of securities in the public subscription tranche do not meet the relevant threshold prescribed in Rule 233A(1) at the close of the offering of securities for subscription or sale, the issuer may reallocate the securities that are not subscribed or sold from the public subscription tranche to the placement tranche.

Added on 2 May 20172 May 2017.