China Sunsine places out all its treasury shares for about S$17.5m

Singapore

RUBBER chemicals maker China Sunsine Chemical Holdings has placed out all its treasury shares for about S$17.5 million in net proceeds, it said in a Singapore Exchange filing on Wednesday afternoon.

It said it had sold its roughly 27.7 million treasury shares - accumulated through share buybacks - for S$0.646 each on May 9 to various investors, including Asdew Acquisitions, Island Asset Management and ICH Capital, along with unnamed "corporate and individual investors".