Jasper Investments is seeking to raise $2.19 million through a proposed subscription of 811.1 million new ordinary shares at an issue price of 0.27 cents per share.

The company, on Feb 20, entered into a subscription agreement with Riau Capital Resources for the issue and allotment of 811.1 million shares in the capital of the company.

Riau Capital Resources is a private company limited by shares incorporated in Singapore. It is solely owned by Bambang Sugeng bin Kajairi.

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