Sim Leisure to raise S$3.6m through sale of new shares

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.