GDS Global Raises SG$4 Million Through Placement Exercise

MT Newswires

2025/12/30

GDS Global (SGX:5VP) raised around SG$4.1 million through the placement of 60 million shares at SG$0.068 per share, according to a Monday filing with the Singapore Exchange.

Shares of the provider of commercial and industrial door and shutter solutions were down over 1% in Tuesday trading.

Net proceeds raised from the exercise will be used to accelerate the company's strategic growth initiatives which include the proposed acquisitions of Asiabuild Metal Engineering and Integrated Aluminium.

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