Singapore

THEME park operator and developer Sim Leisure Group on Wednesday said it plans to sell new ordinary shares to two of its controlling shareholders at a discount of 5.9 per cent, to raise S$3.6 million.

One of the subscribers is the company's non-independent non-executive director Tan Boon Seng. His stake will increase to 26.95 per cent of the enlarged share capital, from 18.18 per cent if the proposed share subscription is completed.