Sanli Environmental Raises Over SG$4 Million From Placement of Shares; Shares Up 5%

MT Newswires

2025/07/10

Sanli Environmental (SGX:1E3) raised over SG$4 million following a successful placement of 33.3 million shares at SG$0.12 per share, according to a late Wednesday filing with the Singapore Exchange.

Shares of the company were up nearly 5% in recent trading.

Gross proceeds will be used for general working capital projects, including the execution of ongoing projects.

The shares represent around 12.58% of the company's existing issued and paid up share capital.

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