ISDN Holdings updates use of placement and subscription proceeds

SGX Filings

2025/10/14

ISDN Holdings Limited announced on Oct, 14 2025 an updated breakdown of how it has deployed the net proceeds from its earlier share placement and subscription exercises.

The company said that, out of the S$10.415 million net proceeds from the May 2013 placement, a total of S$8.043 million has been utilised, leaving S$2.372 million earmarked mainly for renewable-energy projects. The balance is expected to be fully deployed by Dec, 31 2026.

Separately, the firm has used S$3.862 million of the S$5.300 million it raised under the February 2019 share subscription, including a planned S$0.300 million payment in 3Q 2025 to acquire Singpilot Pte. Ltd. The remaining S$1.438 million is also targeted for full utilisation by Dec, 31 2026.

ISDN said it will make further announcements if there are any material changes to the intended use of the funds.

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