Sanli raises $10m with 38-million share placement
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Sanli Environmental Limited raised over $10 million through a placement of 38 million new shares at $0.260 each. The net proceeds will be used for general working capital and to support ongoing engineering, procurement, and construction projects. SAC Capital and Maybank Securities acted as placement agents. The company's order book reached $781.5 million, bolstered by recent contract awards, including a $281 million project from the Land Transport Authority and a $205 million project from PUB.
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