Eindec Plans SGD 2 Million Private Share Placement
Bitget2026/10/29 12:38- Eindec Corporation agreed on October 29, 2026, to place 25,632,600 new ordinary shares with five private investors.
- The placement will raise S$ 2 million at an issue price of S$ 0.078 per share.
- The issue price represents an 82.67% premium to the S$ 0.0427 volume-weighted average price on October 16, 2026.
- Estimated net proceeds of S$ 1.97 million will fund general working capital requirements.
- The new shares will represent 19.22% of enlarged share capital; completion remains subject to SGX-ST listing approval and other conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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