Hong Leong Asia receives in-principle SGX approval for 50 million-share placement
SGX Filings
May 04
Hong Leong Asia Ltd. announced that Singapore Exchange Securities Trading Limited granted in-principle approval on May, 4 2026 for the listing and quotation of 50 million new ordinary shares on the Main Board.
The new shares are to be issued via private placement at 2.90 Singapore dollars each, potentially raising about 145 million Singapore dollars before expenses.
The approval is conditional on the company meeting SGX listing requirements, providing detailed disclosures on the use of proceeds, and ensuring that the shares are not allotted to parties restricted under Rule 812(1) of the listing manual.
The company said it will issue further updates when additional material developments arise.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.