Heptamex International (SGX:8A1) completed the placement of 6.5 million shares at SG$0.1 per share, raising SG$650,000, according to a Thursday filing with the Singapore Exchange.
Shares of the company surged nearly 12% in Friday trading.
Following the allotment and issuance of the shares, the issued share capital of the company has increased to 49,099,999 shares.
The shares were listed and quoted on Sept. 12, the filing added.