Tianwang’s unaudited net loss for the half year ended Dec 31, 2018, was about 100,000 yuan, said Yamada.
Separately, Yamada said on Tuesday that it plans to issue 8.5 million of new ordinary shares to Japanese food manufacturer Tennensozai for a total of S$2.7 million, or S$0.3135 per share. Proceeds from the proposed share placement will be used for Yamada’s general working capital purposes including business expansion, acquisitions, investments and joint ventures.
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