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Memories Group launches placement of 50 mil new shares; calls for trading suspension

Samantha Chiew Published on Thu, Dec 28, 2017 / 11:21 AM GMT+8

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SINGAPORE (Dec 28): Memories Group, formally known as SHC Capital Asia, today lodged its offer document with the Singapore Exchange (SGX) for the compliance placement of about 50 million shares at 25 cents each.

These comprises 42.6 million new shares and sale of 7.4 million vendor shares.

The compliance placement follows the completion of the acquisition of tourism-related businesses.

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