Triyards in placement to raise S$19.96m
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TRIYARDS Holdings will be placing up to 29.5 million new shares at 70 Singapore cents each to raise net proceeds of S$19.96 million to support future growth and to augment its working capital.
The engineering and fa-brication solutions provider, whose focus is on the offshore oil and gas industry, has appointed UOB Kay Hian as the placement agent.
The issue price is a discount of about 8.33 per cent to the volume weighted average price of 76.36 Singapore cents per share for trades done on Monday - the day before the trading halt of the shares.
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