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Jason Hldgs in dilutive placement to raise S$1m

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Published Wed, Dec 21, 2016 · 09:50 PM

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Singapore

BELEAGUERED flooring firm Jason Holdings on Wednesday said it has signed a binding conditional term sheet with its non-executive chairman and controlling shareholder Lim Chwee Kim to issue to him two billion new shares to raise S$1 million.

These placement shares represent about 73.28 per cent of the enlarged share capital of the company.

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