Oxley to issue 22.75m shares via placement at S$0.59 apiece

Singapore

OXLEY Holdings Ltd said on Thursday that it has entered into a placement agreement with Maybank Kim Eng Securities as placement agent for a private placement of up to 22.75 million treasury shares at S$0.59 apiece.

The placement price represents a discount of about 8.3 per cent to the volume weighted average price of S$0.6434 per share based on trades done on the stock exchange on Oct 12.