Home News Company in the news

Aspen raises $23.8 mil for glove-making venture upon placement of shares

The Edge Singapore
The Edge Singapore11/18/2020 09:50 PM GMT+08  • 2 min read
Aspen raises $23.8 mil for glove-making venture upon placement of shares
Aspen aims to produce between 1.6-1.8 billion gloves annually starting Q2 next year
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.