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Vallianz expects to raise as much as S$179m from enlarged rights issue
Published Thu, Jul 6, 2017 · 09:50 PM
Singapore
VALLIANZ Holdings said on Thursday it now expects to raise as much as S$179 million in gross proceeds from an enlarged rights issue, with the rights shares having warrants attached to them.
This is part of the marine firm's set-off and settlement agreements with Swiber Holdings and Rawabi Holding Company to restructure up to US$139 million in net payables and shareholders' advances, with the tw…
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