METASURFACE Plans to Place at Least 18 Million New Shares to Raise No Less Than S$10.4 Million
Stock News
Sep 28
METASURFACE (08637) has announced that in connection with the proposed listing of its existing ordinary shares on the Catalist board of the Singapore Exchange, and to facilitate the proposed listing, the company proposes to place no fewer than 18 million new shares to no fewer than 200 placees at an indicative reference price of approximately S$0.58 per share (based on an exchange rate of HK$100 to S$16.31, equivalent to approximately HK$3.53 per share). Each placee, together with its ultimate beneficial owner (where applicable), will be an independent third party of the company.
The placing is expected to raise gross proceeds of no less than S$10.4 million in new funds for the company.
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