Serial Achieva to raise SGD 4.62 million in share subscription by UFCT Technology

Reuters

Mar 11

Serial Achieva to raise SGD 4.62 million in share subscription by UFCT Technology

Serial Achieva announced an unregistered share sale under Section 272B of the Securities and Futures Act 2001 to UFCT Technology through a subscription agreement. The company plans to issue 21,004,873 new shares at SGD 0.22 per share for gross proceeds of SGD 4.62 million. The subscription price represents a 22% premium to the volume weighted average price of SGD 0.181 per share on SGX-ST. After completion, the new shares will represent about 11% of the enlarged share capital. Net proceeds of about SGD 4.6 million are allocated 40% to loan repayment and 60% to working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Serial Achieva Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: HCQEOYGPMHZB5FCJ) on March 11, 2026, and is solely responsible for the information contained therein.

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The company plans to issue 21,004,873 new shares at SGD 0.22 per share for gross proceeds of SGD 4.62 million. The subscription price represents a 22% premium to the volume weighted average price of SGD 0.181 per share on SGX-ST. After completion, the new shares will represent about 11% of the enlarged share capital. Net proceeds of about SGD 4.6 million are allocated 40% to loan repayment and 60% to working capital.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Serial Achieva Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. 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