Company Briefs

Xpress can't complete key S$9.5m placement

XPRESS Holdings said a proposed S$9.48 million placement meant to help repay creditors has fallen through after the subscribers failed to complete the deal despite repeated reminders. Xpress, which is facing winding-up applications from its creditors, had planned to sell 480 million shares at 2.1 Singapore cents apiece to subscribers Strong Core Global and Ma Jing.

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