At 7.5 cents, the placement price is 100% premium over EuroSports' last traded price of 3.74 cents before this placement announcement.
Car dealer EuroSports Global has jumped on the secondary fund-raising bandwagon, raising gross proceeds of $1.99 million by placing out 26.5 million new shares at 7.5 cents each.
The shares will be sold to another car dealer Align Auto, beneficially owned by one Kuah Zi’En and HRT Corporation.
