King Wan (SGX:554) has proposed to raise around SG$3.5 million via the placement of 70 million shares to Sek Ann Thong, Yap Bau Tan and Tan Seck Chun Christopher at SG$0.05 per share, according to a Wednesday filing with the Singapore Exchange.
Shares of the integrated building services provider were up nearly 2% in Thursday trading.
Proceeds raised from the placement will be utilized to fund ongoing projects and for new projects.
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