Frencken Group (SGX:E28) received approval-in-principle from the Singapore Exchange Securities Trading on Sept. 1 for the listing and quotation of 44.1 million new shares to be issued under its proposed placement.
The shares will be issued at SG$2.27 each, raising about SG$100 million, according to a Tuesday Singapore Exchange filing.
The approval is subject to listing requirements and various undertakings and confirmations, including those governing the use of proceeds and eligible placees.
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