Towards Financial Freedom
Jubilee to raise SGD15m through placement of new shares
Jubilee to raise SGD15m through placement of new shares. Jubilee, a precision plastic component manufacture listed in SGX Catalist, announced that it plans to place 97.5m new shares (SGD0.154/share) to raise SGD15m. Upon completion, SGX mainboard listed Serial System will emerge as the largest shareholder with a 13.6% stake. The net proceeds will be used for investment purpose as the group aims to transform into an investment holding company. (SGX)
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