Sanli proposed after trading hours on July 2 to issue 33,333,333 new ordinary shares in a private placement with SAC Capital. It raised gross proceeds of $4 million from placing out shares at 12 cents each, and trading resumed on July 3.
Water and waste project developer Sanli Environmental has called for a trading halt, issued on SGXNET at 7.35am on Nov 24.
Listed on the Catalist board in 2017, Sanli has only called for a trading halt twice before — on July 1 this year and on July 15, 2021. Both halts were called prior to the start of the trading day.
