<div id="readability-page-1"><div><p>(MT Newswires) -- Beverly Wilshire (SGX:9QX) has entered into a subscription agreement with private investor Mageswari Rajoo for a capital injection totaling SG$100,000, according to a Tuesday filing with the Singapore Exchange.</p><p> Under the deal, the company will issue 8.5 million shares to Mageswari Rajoo at SG$0.0117 per share. The price represents a 9.3% discount to the company's volume-weighted average price on Tuesday.</p><p> Shares of the company were up over 8% in early Wednesday afternoon trading.</p><p>Proceeds raised from the deal will be used to strengthen the company's financial position and capital base, it said.</p></div></div>

<p>Beverly Wilshire has secured SG$100,000 from private investor Mageswari Rajoo through a subscription agreement, issuing 8.5 million shares at SG$0.0117 each, a 9.3% discount to the average price. Following the announcement, shares surged over 8% in early trading. The funds will be used to enhance the company's financial position and capital base.</p>

Beverly Wilshire Secures SG$100,000 From Private Investor; Shares Surge Over 8%