Aedge Group (SGX:XVG) will issue 1,950,000 shares to Foo Tiang Ann, an existing shareholder of the company, at an issue price of SG$0.26 per share, according to a Wednesday filing with the Singapore Exchange.
The subscription will raise gross proceeds of around SG$507,000 and will be completed in three business days following the issuance of a listing and quotation notice.
Proceeds will be used to fund investment properties businesses and for working capital needs.
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.