The issue price represents a discount of around 8.78% to the volume weighted average price (VWAP) of 2.96 cents for the shares traded on Feb 7.
Livingstone Health has proposed to place 55.56 million shares at an issue price of 2.7 cents per share. The consideration from the placement will amount to some $1.5 million.
The proposed placement is not underwritten and will be undertaken by way of an exempt offering in Singapore in accordance with Section 272B of the Securities and Futures Act (SFA).
