The company says that the placement price represents a premium of approximately 78.57% to the volume weighted average price (VWAP) of 1.4 cents per share for trades done on the shares on the SGX-ST for the full market day on July 4, 2022 being the last full market day prior to the trading suspension called by the company.
ASTI Holdings has proposed the placement of 128 million new ordinary shares in the capital of the company for 2.5 cents per share, raising up to $3.2 million.
The placement shares represent about 19.55% of the existing issued and paid-up share capital of the semiconductor manufacturing services company, comprising 654,731,486 shares.
