Gallant Venture to issue S$68.2m of new shares

Singapore

GALLANT Venture Ltd has entered into subscription agreements with three investors, who have agreed to subscribe for 513.045 million new shares for S$68.235 million or 13.3 Singapore cents apiece.

These new shares will make up 10.63 per cent of the issued shares or 9.61 per cent of the enlarged share capital of the group.