The issue price represents a discount of around 6.6% to the volume weighted average price (VWAP) of 42.81 cents for the shares traded on March 13.
CSE Global 544 has proposed to place 60 million shares at an issue price of 40 cents per share, amounting to an aggregate consideration of $24 million.
The proposed placement is not underwritten and will be undertaken by way of an exempt offering in Singapore in accordance with Sections 272B, 274 and 275 of the Securities and Futures Act (SFA).
