AEM Holdings' stock price fell 3.17% in pre-market trading on Monday, following the announcement of a capital raising initiative that could dilute existing shareholders.
The decline comes after the company disclosed plans to raise approximately SGD 12 million through a private placement of 3.35 million shares to a subsidiary of ASE at SGD 3.59 per share. Additionally, ASE will receive warrants that, if fully exercised, could increase AEM's share capital by nearly 9%, potentially further diluting current shareholders' equity.
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