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Hot stock: V2Y surges as much as 33.3% on planned placement to raise S$2 million

The counter was up S$0.005 to S$0.02 with 3.2 million shares having changed hands when the market opened, after a trading halt was lifted

Chong Xin Wei

Chong Xin Wei

Published Thu, Jul 11, 2024 · 10:40 AM
    • V2Y believes the proposed placement will increase capital resources available to the company, with net cash proceeds of about S$1.9 million.
    • V2Y believes the proposed placement will increase capital resources available to the company, with net cash proceeds of about S$1.9 million. PHOTO: BT FILE

    SHARES of V2Y Corporation rose as much as 33.3 per cent on Thursday (Jul 11) morning, after it proposed to raise S$2 million by issuing a total of 135.1 million new ordinary shares at S$0.0148 apiece.

    The counter was up S$0.005 to S$0.02 with 3.2 million shares having changed hands when the market opened, after a trading halt was lifted.

    By 9.51 am, V2Y was one of the most actively traded counters by volume. Its shares were trading up 6.7 per cent or S$0.001 at S$0.016. No married deals were recorded in early trade, ShareInvestor data showed.

    Hot StockV2Y CorpInsurance

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