The placement price represents a discount of 9.98% to the volume weighted average price of 9.02 cents for trades done on the shares of the company on Sept 17 – the full market day immediately preceding the date of signing of the subscription agreements.
SINGAPORE (Sept 23): Y Ventures Group is seeking to raise $2.0 million in a proposed placement of 24.7 million new shares at 8.12 cents each.
In a fling on Monday, the Catalist-listed e-Commerce retailer announced it had entered into subscription agreements with nine investors for the allotment and issue of the new shares.
