On August 18, the company proposed a placement of up to 7.5 million fully paid-up ordinary shares at the placement price of $2.545 following the placement agreement it entered with CGS-CIMB Securities (Singapore) and SAC Capital.
Disposable gloves manufacturer UG Healthcare Corporation has successfully raised $19.1 million through its share placement.
The placement was oversubscribed by over 2.5 times. The gross proceeds of the placement will be used for the company’s capacity expansion plans as well as general working capital purposes.
