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Drinks distributor Octopus raises $5 mil from Spain's Osborne

The Edge Singapore
The Edge Singapore • 2 min read
Drinks distributor Octopus raises $5 mil from Spain's Osborne
Upon completion of the deal, Osborne will hold a stake of 6.4% in Octopus
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Drinks distributor Octopus (APAC) Holdings has raised $5 million from a business partner by issuing new shares.

Spanish firm Gruppo Osborne will subscribe for new shares at 6.8 cents each, which is a 13.33% premium to the April 9 closing price of 6 cents.

The shares, halted ahead of this announcement, will resume trading on April 14.

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