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Tritech raises $1 mil from private placement for working capital

PC Lee
PC Lee7/8/2019 07:41 AM GMT+08  • 2 min read
Tritech raises $1 mil from private placement for working capital
SINGAPORE (July 8): Tritech Group has raised $1 million from a private placement of 34.5 million new shares at 2.9 cents each to four individuals on Saturday.
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SINGAPORE (July 8): Tritech Group has raised $1 million from a private placement of 34.5 million new shares at 2.9 cents each to four individuals on Saturday.

The net proceeds of $0.95 million will be used for working capital purposes.

The placement price represents a discount of 5.8% to the volume weighted market price of 3.08 cents for each share, based on the trades done Friday.

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