EuroSports Global (SGX:5G1) is expecting to raise nearly SG$2 million through the subscription of 26.5 million shares by Align Auto at SG$0.075 per share, according to a Monday filing with the Singapore Exchange.
Align Auto deals in the retail sale of motor vehicles.
The subscription shares represent around 10% of the company's issued and paid-up share capital.
The proposed subscription is aimed at improving the company's financial position.
Shares of the luxury lifestyle company surged over 62% in Monday trading.
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