Catalist-listed Metal Component has proposed to place 14.5 million shares in the capital of the company at an issue price of 5.526 cents per share.

The total subscription amount will come up to around $800,000.

The company had, on July 12, entered into the conditional placement agreement with the company’s existing shareholders, Ahillan Pupalasingam, Tan Hock Choon (Chen Fucun), Marc Robert Bonnici, Prasad K K Viswambharan and new shareholder Colin Maximilian Rozario.

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