Corporate digest
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Golden Energy and Resources
COAL miner and trader Golden Energy and Resources plans to allot and issue up to 181 million new shares at S$0.67 each. This represents a discount of 9.68 per cent over the volume-weighted average price of S$0.7418 for each share, based on trades done on April 22, 2015, before trading in its shares was suspended the next day. The placement is needed to restore its public float, the company said. If fully subscribed, the company plans to use the estimated gross proceeds of about S$121.3 million to repay loans to creditors and for general working capital purposes.
Keppel Infrastructure Hldgs
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