Home News Equity raising

Eneco Energy aims to raise $15.7 mil via placement

The Edge Singapore
The Edge Singapore3/27/2022 04:11 PM GMT+08  • 2 min read
Eneco Energy aims to raise $15.7 mil via placement
As Ramba Energy, the company’s focus was focused on oil exploration. As Eneco Energy, its new focus is in logistics.
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.

Eneco Energy, which used to be called Ramba Energy, plans to raise some $15.7 million in net proceeds to pay debt and fund new growth.

Under the proposed placement, the company plans to issue up to 1.66 billion new shares at 0.9 cents each and up to 1.66 billion detachable, transferrable warrants at 0.1 cents each.

The placement price of the new shares is a discount of 66% off the company’s volume-weighted average price of 2.65 cents on Feb 28, which was the last market day before trading suspension was called.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
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.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now