Fuxing China to Raise Over SG$1 Million via Share Placement; Shares Down 5%

MT Newswires

2025/11/06

Fuxing China Group (SGX:AWK) is looking to raise around SG$1.2 million via a proposed placement of 3 million shares at SG$0.415 apiece, according to a Wednesday filing with the Singapore Exchange.

Shares of the company were down more than 5% in Thursday's afternoon trading.

Proceeds from the placement will be used for investment in technological research to improve the company's manufacturing equipment and assembly line.

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