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Published Tue, Apr 12, 2016 · 09:50 PM

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Lorenzo International

LORENZO International Holdings has entered into separate subscription agreements with two investors - Teo Eng Chong and Lee Kim Puay - for 30 million new shares each, at an issue price of two Singapore cents apiece. The issue price is a premium of 17.65 per cent to the volume weighted average price of S$0.017 for trades done on the company's shares on April 8. Each stake represents 8.025 per cent of the enlarged share capital. It intends to use the estimated net proceeds of S$1.16 million for general working capital purposes.

Keppel Data Centres

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