At 45 cents each, the issue price is a premium of around 24.4% to the volume weighted average price of 36.16 cents per share for trades done on May 26.
Lim Ah Cheng, the former executive chairman of Dyna-Mac Holdings (SGX:NO4
) , plans to invest $4.5 million for 10 million new shares in Fuji Offset Plates Manufacturing (SGX:508) , controlled by executive chairman David Teo Kee Bock.
Lim left Dyna-Mac last December after Korean conglomerate Hanwha took control; Teo is best known for leading the Super Coffee group and selling it to Jacobs Douwe Egberts back in 2013 for $1.45 billion.
