Y Ventures (SGX:1F1) has completed its rights issue, garnering valid acceptances for 624.4 million rights shares, or 252.93% of the offered 246.9 million shares, according to a Wednesday filing on the Singapore Exchange.
As of the closing date on Sept. 27, valid acceptances totaled 197.6 million shares, while excess applications reached 426.8 million shares.
The e-commerce and logistics firm will use the net proceeds of SG$890,000 to support working capital requirements.
Rights shares are set to be allotted on Oct. 3 and listed on the Catalist on Oct. 7.
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