The placement price represents a discount of 5.8% to the volume weighted market price of 3.08 cents for each share, based on the trades done Friday.
SINGAPORE (July 8): Tritech Group has raised $1 million from a private placement of 34.5 million new shares at 2.9 cents each to four individuals on Saturday.
The net proceeds of $0.95 million will be used for working capital purposes.
