Zico Holdings (SGX:40W) completed the allotment and issuance of 29,100,000 placement shares at an issue price of SG$0.07 per share for aggregate net proceeds of SG$2.0 million, a filing with the Singapore Exchange said on Monday.
The placement shares were allotted and issued to Cher Lee Kiat, John Lim Yew Kong and Yeo Keng Joon.
Following Completion, the total issued share capital of the company has increased from 379,885,557 shares to 408,985,557 shares.
The shares will be listed and quoted on or about June 27, the filing added.
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