Gallant Venture proposes S$10.3m private placement to Moya managing director

Singapore

GALLANT Venture is looking to issue S$10.3 million worth of new shares to Irwan Atmadja Dinata, managing director of Catalist-listed Moya Holdings Asia, at S$0.118 apiece.

The 87.3 million new shares will make up about 1.61 per cent of Gallant's enlarged share capital, excluding treasury shares.