Friday, March 30, 2007

Sing Holdings plans to place out 40m new shares

Sing Holdings plans to place out 40m new shares


Property firm Sing Holdings plans to place up to 40 million new shares to raise $16.8 million to fund its recent acquisitions.

The new shares will be priced at $0.43 each, representing a 10% discount to the volume weighted average price for trades done in Sing Holdings' shares on Wednesday.

The new shares represent 17.6% of the issued share capital of Sing Holdings.

No comments: