Penang-based Aspen (Group) Holdings has raised $23.8 million placing out 100 million new shares.
The subscribers, paying 23.8 cents per share, include Chua Ma Yu and Chua Sai Men, directors of Aspen Glove Sdn Bhd, which is a glove-making joint venture of Aspen’s.
Another investor is Alan Wang Yu Huei, an existing Aspen shareholder, who is known to be a substantial shareholder in several other companies via his vehicle Asdew Acquisitions.
