Oxley to raise S$78.1m from placement of 156.8m new shares

Singapore

OXLEY Holdings on Thursday entered into a placement agreement for the issue of 156.8 million new shares at S$0.51 apiece to raise S$78.1 million.

The issue price represents a discount of about 8.8 per cent to the volume-weighted average price of S$0.559 for trades done on the Singapore Exchange (SGX) on March 14, it said in a filing with the SGX on Friday morning.