Ramba Energy raising S$15m via placement
Add BT as a preferred sourceSingapore
TO finance the exploration and production activities of its Indonesian oil and gas business, Singapore-listed Ramba Energy is placing out 37.5 million new ordinary shares at S$0.40 each to raise nearly S$15 million, the company announced on Monday.
Following approval obtained at the company's annual general meeting on April 28, 2014, Ramba Energy on Sunday entered into a share-purchase agreement with its placees, including Zymmetry Investments.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Dim sum chain Tim Ho Wan ramps up North America, Hong Kong expansion after Jollibee acquisition
GameStop CEO says eBay shut his account after buyout funding stunt
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
