---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000873850.md"
description: "Iggy's Journal: Frencken Falls 8% After a S$100 Million Placement28 August 2026, PMNews:Frencken (E28) fell as much as 8.3% on Friday after proposing a S$100 million share placement, Business Times reported (Shikhar Gupta, 28 August 2026). It opened as low as S$2.33, down S$0.21 from Tuesday's close of S$2.54. Trading was halted on Wednesday and Thursday.The placement is 44.1 million new shares at S$2.2687, a 10% discount to the 25 August volume-weighted average price of S$2.5207, placed privately with institutional and accredited investors. That is about 10.3% of existing issued shares, and 9.3% of the enlarged base after completion. BT (Young Zhan Heng, 27 August 2026) said completion is expected on 3 September.The company said the raise is to fund expansion in manufacturing, mechatronics, and advanced plastic solutions, and to leave room for strategic investments and M&A. After fees, about S$87.4 million (90%) is earmarked for that expansion and the balance sheet, and about S$9.7 million (10%) for working capital or bank-loan repayment. As at 30 June, Frencken had S$123 million in cash and S$53.2 million in borrowings. Mechatronics, including the semiconductor business, was 90.1% of first-half FY2026 revenue.Year to date Frencken is still up 78.9% on the AI boom, BT said. Customers named include Applied Materials and ASML. Just Reporting:This is a placement story, not a yield story. Frencken is not on the forensic ledger, so there is no zone line to restate. The 8% open is the market pricing a 10% discounted issue after a 78.9% year. On BT's own figures they already hold S$123 million of cash against S$53.2 million of borrowings, so this is not a cash-hole raise on those numbers. Whether the extra shares fund real capacity or just sit in front of the same earnings is a different question. AEM's year and UMS's year stay their own facts. They do not confirm anything about this name.Not financial advice. Cheers, Iggy 🦖"
datetime: "2026-08-28T05:23:28.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000873850.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000873850.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000873850.md)
author: "[TheInvestingIguana](https://longbridge.com/en/profiles/22116548.md)"
generator: "portal-rs"
---

# Iggy's Journal: Frencken Falls 8% After a S$100 Mi…


### Related Stocks

- [ASML.US](https://longbridge.com/en/quote/ASML.US.md)
- [558.SG](https://longbridge.com/en/quote/558.SG.md)
- [E28.SG](https://longbridge.com/en/quote/E28.SG.md)
- [AMAT.US](https://longbridge.com/en/quote/AMAT.US.md)
- [AWX.SG](https://longbridge.com/en/quote/AWX.SG.md)
- [XWA.SG](https://longbridge.com/en/quote/XWA.SG.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**