AJJ Medtech to Raise Funds Through Placement Agreements; Shares Surge Nearly 13%

MT Newswires

11/04

AJJ Medtech (SGX:584) agreed to issue nearly 127.5 million shares at SG$0.0072 apiece to several investors to raise SG$918,000, according to a Monday filing with the Singapore Exchange.

Shares of the company surged nearly 13% in Tuesday trading.

Proceeds raised from the placement exercise will be used to support the company's expansion and improve its working capital position.

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