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

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.