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Advancer Global to raise $5 mil from strategic investor MES Group

PC Lee Published on Tue, May 02, 2017 / 9:11 PM GMT+8

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SINGAPORE (May 2): Advancer Global, the workforce solutions and services provider, is planning to undertake a private placement with MES Group Holdings.

MES Group will subscribe for 12.5 million new Advancer Global shares at 40 cents each to raise gross proceeds totalling $5 million.

In its filing on Tuesday night, Advancer Global says MES Group’s investment in the company is for strategic operational and financial investment purposes.

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