Huationg Global enters $7m placement deal with CGS International Securities
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Huationg Global Limited has entered a $7 million placement agreement with CGS International Securities to enhance its finances and expand its shareholder base. The deal involves issuing approximately 11.8 million shares at $0.60 each, with net proceeds of around $6.78 million allocated for working capital. The company's net tangible assets and earnings per share are expected to dip slightly. The shares will be issued under a General Mandate approved at the Annual General Meeting on April 23, 2025, with a commission of 2.85% payable to the agent.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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