Corporate digest

Vividthree Holdings

VIVIDTHREE is no longer proceeding with a proposed ordinary share placement that was to have given it S$1.9 million in net proceeds. The Catalist-listed group said the working capital available is sufficient to meet its present and projected requirements.

The proposed placement - of up to 15.9 million new ordinary shares at a price of at least 12.6 Singapore cents apiece - was meant to strengthen Vividthree's financial and working capital position.