Vallianz to get S$7m cash injection from Greatwill Asset

Singapore

BELEAGUERED offshore marine solutions provider Vallianz Holdings is getting a S$7-million cash injection even as it seeks to streamline its operations.

It said in an after-market release on Monday that Greatwill Asset Global Limited, an investment holding company, has committed to subscribing 350 million new shares in Vallianz at two Singapore cents per share.

The subscription price represents a premium of about 11.1 per cent to the volume weighted average price of S$0.018 for trades done on the Catalist board of th…