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Dymon Asia to raise stake in Challenger to 14.9% for S$32.8m

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Vivienne Tay

Vivienne Tay

Published Wed, Oct 13, 2021 · 09:50 PM

    Singapore

    CHALLENGER Technologies' shares jumped on Wednesday (Oct 13) after it said Dymon Asia will spend S$32.8 million to raise its stake in the electronics retailer to 14.9 per cent from 1 per cent.

    The move comes two years after a failed privatisation bid by Digileap Capital, a vehicle set up by Dymon and Challenger's controlling shareholders. In the new share deal, Digileap will subscribe for 56.6 million new shares at S$0.58 apiece.

    Challenger TechElectronics

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