Mary Chia to Issue Over 5.7 Million Shares to Private Investor; Shares Up 5%

MT Newswires

02/09

Mary Chia (SGX:5OX) agreed to issue over 5.7 million shares to private investor, Chua Chuan Seng, at SG$0.035 apiece, raising $SG200,000, according to a Friday filing with the Singapore Exchange.

Shares of the health and wellness spa brand were up over 5% in Monday trading.

Following the completion of the proposed subscription, Seng will have a 1.94% stake in the company.

Proceeds from the subscription will be used for the company's working capital needs and administrative expenses, the filing said.

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