---
title: "ASTI Holdings completes $3.2m share placement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273475771.md"
description: "ASTI Holdings Limited has completed a share placement of 128 million new ordinary shares at $0.025 each, raising $3.2 million. The proceeds will be allocated as follows: 60% for business expansion, 30% for research and development, and 10% for working capital. The new shares represent approximately 19.55% of the existing share capital and 16.35% of the enlarged share capital, excluding treasury shares."
datetime: "2026-01-23T07:00:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273475771.md)
  - [en](https://longbridge.com/en/news/273475771.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273475771.md)
---

# ASTI Holdings completes $3.2m share placement

**The new ordinary shares stood at $0.025 per share.**

ASTI Holdings Limited (ASTI) announced the completion of its placement exercise involving 128,000,000 new ordinary shares in its capital has raised gross proceeds of $3.2m.

The new ordinary shares stood at $0.025 per share, ASTI said in a bourse filing.

Of the net proceeds from the placement, it will be allocate 60% for business expansion initiatives, 30% for research and development projects, and 10% for working capital purposes.

The placement shares represented approximately 19.55% of the company's existing issued and paid-up share capital of 654,731,486 shares (excluding 27,234,855 treasury shares).

It also represented approximately 16.35% of the enlarged issued share capital of 782,731,486 shares (excluding treasury shares).

### Related Stocks

- [575.SG](https://longbridge.com/en/quote/575.SG.md)

## Related News & Research

- [kopi-C with CEO of ASTI Holdings: The company nobody wanted to rescue](https://longbridge.com/en/news/285334484.md)
- [ASTI Holdings Says Advanced Systems Automation Withdraws Takeover Offer](https://longbridge.com/en/news/276431712.md)
- [ASTI Publishes Shareholder Concerns Over ASA’s Voluntary Offer and Valuation](https://longbridge.com/en/news/273973040.md)
- [16:51 ETBeverly Hills MD ProRetinol Age Rewind x3 Officially Launches: A New Era of Gentle, Slow-Released Retinol Skincare Backed by Plastic Surgeons](https://longbridge.com/en/news/286966075.md)
- [NIO Q1 Earnings Date Set for May 21 — Is This EV Stock Ready for a Breakout?](https://longbridge.com/en/news/286870895.md)