Aedge Group, the provider of several services including engineering, transport, security and manpower, has launched its placement of some 16 million shares at 20 cents per share in conjunction with its listing on the Catalist board of the Singapore Exchange Securities Trading Limited (SGX-ST).

The placement represents some 15.1% of the enlarged share capital of 106 million shares in the group.

Post-placement, Aedge’s market capitalisation will stand at around $21.2 million.

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