Innopac's fund raiser downsized to S$6.1m after investor pulls out

Singapore

MAINBOARD-listed Innopac Holdings and nine individual investors have further extended to June 30 the long-stop date for the completion of a proposed stock placement, which had to be downsized to S$6.1 million after a second investor pulled out.

The extension was given by way of supplemental letters executed by Innopac and the investors, the investment holding company said in an exchange filing on Wednesday.