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| Announcement Title | General Announcement |
| Announcement Subtitle | PROPOSED ISSUE OF S$75 MILLION 7.00% NOTES DUE 2017 |
| Securities | GALLANT VENTURE LTD. (GALLANT) |
| Date & Time of Broadcast | Jan 26, 2015 22:00 |
| Submitted By | Choo Kok Kiong Executive Director and Company Secretary |
| Description | Please see attached. |
Attachments