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Cacola to place out S$638,000 in new shares

CACOLA Furniture International on Thursday said that it would place out S$638,000 worth of new shares to four private investors.

These refer to 142 million new shares at S$0.0045 apiece, with the subscription price representing a premium of about 12.5 per cent to the volume average weighted price of Cacola shares traded on Thursday.

The funds will be used for working capital.

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