News Formal

VibroPower proposes S$1.8m rights cum warrants issue to fund business expansion

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

WATCH-LISTED VibroPower Corporation is looking to issue up to S$1.8 million of shares with warrants on a renounceable, non-underwritten basis, mainly to finance the expansion of its businesses, it said in a filing late on Tuesday night. Read more at The Business Times.

WATCH-LISTED VibroPower Corporation is looking to issue up to S$1.8 million of shares with warrants on a renounceable, non-underwritten basis, mainly to finance the expansion of its businesses, it said in a filing late on Tuesday night.

VibroPower, which manufactures and supplies customisable power generator sets, said the main rationale of the proposed issue is to fund the expansion of its existing businesses, which may include the acquisition of and/or a strategic investment in a similar business in South-east Asia. It intends to use 78 per cent of the net proceeds – or around S$1.2 million – for this purpose.

Two individual shareholders – VibroPower co-founder, chairman and CEO Benedict Chen Onn Meng and his brother Chen Siew Meng – have also provided the following irrevocable undertakings under the proposed issue.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 15. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

VibroPower proposes $1.8m rights cum warrants issue for business expansionSINGAPORE - Watch-listed VibroPower Corporation is looking to issue up to $1.8 million of shares with warrants on a renounceable, non-underwritten basis, mainly to finance the expansion of its businesses, it said in a filing late on Tuesday night (Oct 1).. Read more at straitstimes.com.
Källa: The Straits Times - 🏆 8. / 63 Läs mer »

VibroPower proposes $1.8m rights cum warrants issue for business expansionSINGAPORE - Watch-listed VibroPower Corporation is looking to issue up to $1.8 million of shares with warrants on a renounceable, non-underwritten basis, mainly to finance the expansion of its businesses, it said in a filing late on Tuesday night (Oct 1).. Read more at straitstimes.com.
Källa: The Straits Times - 🏆 8. / 63 Läs mer »