VCPlus to raise just $600,000 from placement instead of $6.66 million after investors' u-turn

The Edge Singapore01-30

The investor has the option to invest another $1.1 millionVCPlus will be raising just gross proceeds of $600,000 from a placement instead of $6.66 million after two of the three investors pull out. ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2407343854?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-01-30 13:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2407343854","market":"us","top_or_hot":-1,"title":"VCPlus to raise just $600,000 from placement instead of $6.66 million after investors' u-turn","media":"The Edge Singapore","content":"<div>\n<p>The investor has the option to invest another $1.1 millionVCPlus will be raising just gross proceeds of $600,000 from a placement instead of $6.66 million after two of the three investors pull out.\n...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/equity-raising/vcplus-raise-just-600000-placement-instead-666-million-after-investors-u-turn?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VCPlus to raise just $600,000 from placement instead of $6.66 million after investors' u-turn</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVCPlus to raise just $600,000 from placement instead of $6.66 million after investors' u-turn\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-30 13:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/equity-raising/vcplus-raise-just-600000-placement-instead-666-million-after-investors-u-turn?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>The Edge Singapore</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The investor has the option to invest another $1.1 millionVCPlus will be raising just gross proceeds of $600,000 from a placement instead of $6.66 million after two of the three investors pull out.\n...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/equity-raising/vcplus-raise-just-600000-placement-instead-666-million-after-investors-u-turn?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6507","symbol_name":"矿产资源股","start_time":0,"source_url":"https://www.theedgesingapore.com/news/equity-raising/vcplus-raise-just-600000-placement-instead-666-million-after-investors-u-turn?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2407343854","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2407343854","pubTimestamp":1706591344,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The investor has the option to invest another $1.1 million","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6507":"矿产资源股","43E.SI":"加金融资本","BK6078":"多种金属与采矿","BK6041":"调查和咨询服务"},"translate_title":"VCPlus仅从配售中筹集60万美元，而不是投资者180度大转弯后的666万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"43E.SI":1},"content_text":"The investor has the option to invest another $1.1 millionVCPlus will be raising just gross proceeds of $600,000 from a placement instead of $6.66 million after two of the three investors pull out.\nAccording to VCPlus, Hyper SN and QNX Partners have not remitted their respective portion of funds by the long stop date of Jan 30.\nThey were supposed to invest $2.61 million and $2.34 million respectively, and end up as shareholders holding 12.41% and 11.12% respectively in VCPlus, reads the company’s Dec 6 announcement.\nA third investor, one Tang Zhengming, is going ahead with her investment by subscribing for 200 million new shares at 0.3 cents each.\nHowever, instead of investing $1.71 million for a 8.13% stake as originally intended, Tang will now invest just $600,000 for a stake of 4.17%.\nNonetheless, she might further increase her investment by up to $1.11 million down the road, as VCPlus has given her a call option to subscribe for another 370 million new shares at 0.3 cents each.\nIf Tang fully exercises her option, she will end up with 7.71% of the company.\nAccording to VCPlus, Tang, a Singaporean, “is an accomplished businesswoman” in the F&B industry.\nShe holds a stake of 1.32% in an entity called Veivo Web Technology, with one Gao Hong owning the remaining 98.68% via an entity called Delta Investment Holding Group.\nLast October, VCPlus announced a “strategic collaboration framework” with Delta to explore the incorporation of a joint venture company as the exclusive distributor of the services of Veivo Web in Asia Pacific region outside China.\nAccording to VCPlus, the funds from Tang will be used for working capital. \nIt will also tap on her “expertise and business network” to “explore commercial opportunities to support and strengthen” its future businesses.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2407343854"}