SingHaiyi to raise S$143m for property investments through rights issue
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Singapore
PROPERTY developer SingHaiyi Group is looking to raise net proceeds of up to about S$143.16 million for property investments through a rights issue.
It announced on Tuesday that it is proposing a renounceable non-underwritten rights issue of up to about 1.44 billion new shares at S$0.10 each, to be issued on the basis of one rights share for every two existing shares to shareholders.
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