SUBSCRIBERS
Blumont in share placement deal with 'private' individual
Published Tue, Jan 20, 2015 · 09:50 PM
Singapore
BLUMONT Group has agreed to place out 100 million new ordinary shares to a "private individual investor", at S$0.01705 apiece in a deal that will net the firm an estimated S$1.67 million after expenses.
The investor, Vigneswaran T Subramaniam, has not had any business dealings with Blumont apart from this share placement, and does not hold any shares in it, Blumont said on Tuesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027