Hong Leong Asia fully deploys proceeds from 2018 rights issue

SGX Filings

04/21

Hong Leong Asia (H22) announced on Apr, 21 2026 that it has now fully deployed the 201.1 million Singapore dollars raised from its 2018 renounceable non-underwritten rights issue.

The company said the final unutilised balance of about 13.1 million Singapore dollars was applied to acquire 20.515 million ordinary shares in Yong Tai Loong (Pte) Ltd., in line with its mandate for general corporate purposes, including strategic investments and acquisitions.

Including this latest allocation, 60.0 million Singapore dollars was used for construction of a plant, 25.0 million Singapore dollars for repayment of other loans, and 14.0 million Singapore dollars for partial repayment of an acquisition loan, while a total of 102.1 million Singapore dollars supported general corporate purposes, strategic investments and acquisitions.

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