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Y Ventures to raise $2 mil from proposed placement; 24.7 mil new shares to be issued at 8.12 cents each

Stanislaus Jude Chan
Stanislaus Jude Chan9/23/2019 11:19 AM GMT+08  • 2 min read
Y Ventures to raise $2 mil from proposed placement; 24.7 mil new shares to be issued at 8.12 cents each
SINGAPORE (Sept 23): Y Ventures Group is seeking to raise $2.0 million in a proposed placement of 24.7 million new shares at 8.12 cents each.
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SINGAPORE (Sept 23): Y Ventures Group is seeking to raise $2.0 million in a proposed placement of 24.7 million new shares at 8.12 cents each.

In a fling on Monday, the Catalist-listed e-Commerce retailer announced it had entered into subscription agreements with nine investors for the allotment and issue of the new shares.

The placement price represents a discount of 9.98% to the volume weighted average price of 9.02 cents for trades done on the shares of the company on Sept 17 – the full market day immediately preceding the date of signing of the subscription agreements.

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