Oxley to acquire 10% stake in Aspen via placement for $23.3 mil

SINGAPORE (Apr 30): Oxley Holdings has agreed to subscribe to 97 million new shares at 24 cents each in Aspen (Group) Holdings via a placement exercise, for a total of $23.28 million.

The transaction will see Oxley own a 10.07% stake in Aspen’s enlarged share capital following the allotment and issuance of the placement shares.

The issue price represents a 14.72% premium to the volume weighted average price of 20.92 cents for each share of Aspen, based on trades done on SGX on Apr 27 – the last full market day before the signing of the placement agreement on Monday.

---

Related Stories

• Oxley Holdings subsidiary to sell 30% interest in luxury hotel at Oxley Towers KLCC
• Merchants of Venice: Venetian properties bought via tender create controversy for Oxley's Ching
• Papadopoli bought via public tender, says Oxley’s Ching, refuting AP News, ANSA reports

---