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Adventus Holdings to raise $3.1 million via placement

The Edge Singapore
The Edge Singapore3/31/2022 09:54 PM GMT+08  • 1 min read
Adventus Holdings to raise $3.1 million via placement
Adventus wants to improve its working capital
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Adventus Holdings plans to raise net proceeds of nearly $3.1 million by placing out 501 million new shares at 0.63 cents each.

The company wants to increase its working capital so that it can better support its existing projects in Vietnam.

The placement price is a 10% discount off its volume weighted average price of 0.7 cents on March 30.

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