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Sunningdale ropes in Sam Goi, Yarwood in $25m placement
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Angela Tan
Published Fri, Jun 20, 2014 · 10:00 PM
Singapore
SUNNINGDALE Tech said that its chairman, Koh Boon Hwee, has roped in two new investors - Yarwood Engineering & Trading Ltd and Singapore "Popiah King" Sam Goi - to raise almost $25 million in gross proceeds for the company.
The company - known formerly as Tech Group Asia - has agreed to issue approximately 153.02 million new shares at $0.1633 each to Yarwood and Mr Goi through a private placement.
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