The number of shares to be issued represents around 9.5% of the company’s share base now.
AEM Holdings is raising $103.1 million by placing out 26.8 million new shares at $3.8477 each to Temasek Holdings.
The company, one of the better performing stocks within the local tech sector, plans to use the proceeds to further boost its next generation testing capabilities, deepening research & development to accelerate product portfolio expansion, as well as to fund its mergers and acquisitions plan.
