Corporate digest

Y Ventures

CATALIST-LISTED Y Ventures is placing 24.7 million new shares in the company at S$0.0812 to raise around S$2 million. The placement price represents a discount of around 9.98 per cent from the volume-weighted average price of the group's shares of S$0.0902 traded on Sept 17, the last full market day prior to the subscription date.

The new shares also represent around 10.74 per cent of Y Venture's enlarged share capital. After the placement, the group's issued and paid-up share capital will rise to 229.7 million shares from 205 million.