$Straits Trading (S20.SG)$ Straits Trading launches private ...
$Straits Trading(S20.SG$
Straits Trading launches private placement to raise S$80.9m, priced at S$3.11 per share
Straits Trading launches private placement to raise S$80.9m, priced at S$3.11 per share
1. The conglomerate-investment company will be issuing 26 million shares, priced at S$3.11 each, "to encourage both institutional and individual share ownership", it said.
2. Net proceeds from the share placement will be used to fund acquisitions and future anticipated growth for the group's businesses in real estate, resources and hospitality, as well as for general working capital and administrative purposes, Straits Trading said.
3. The placement price represents a discount of 8.9 per cent to the counter's volume weighted average price of S$3.4126 for all trades done on Jan 13.
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hydros OP : short term weakness after placement at discount. the institutions that bought the placement may push it up later.
AutumnRain : load it up
WinningTrader : Trading volume is typical low.
Anyone has problems selling when wanted to?