OTS Holdings has launched its IPO of 41 million invitation shares at 23 cents per invitation share on June 8.

The group expects to raise gross proceeds of $9.43 million. Of the net proceeds of $7.90 million, OTS Holdings will receive some $6.56 million.

The invitation shares comprise 1 million public offer shares at 23 cents apiece by way of a public offer in Singapore.

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