ASTI Raises S$3.2 Million via Share Placement to Fund Expansion and R&D
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ASTI Holdings Limited has raised S$3.2 million through the placement of 128 million new shares at S$0.025 each, increasing its share capital by 16.35%. The funds will support business expansion, R&D, and working capital, as the company prepares for a potential resumption of trading. The share placement was priced above the last traded market level prior to a trading suspension but below its net tangible assets. ASTI is focused on technology-related businesses that require ongoing R&D and collaboration with customers.
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