Rich Capital (SGX:1U8) completed its placement of 18 million new shares at SG$0.071 each, raising SG$1.3 million, according to a Thursday Singapore Exchange filing.
The newly issued shares represent about 32.9% of the company's enlarged issued share capital, increasing the total number of issued shares to 54.7 million from 36.7 million.
The placement shares are expected to begin trading on the SGX Catalist at on July 24, the property developer said.
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