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Innotek raises $16 mil via placement from investors including Amova, Asdew, Avanda

The Edge Singapore
The Edge Singapore • 2 min read
Innotek raises $16 mil via placement from investors including Amova, Asdew, Avanda
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InnoTek has raised gross proceeds of $16 million via a recent placement at 65.06 cents each. Several of the investors who took up the 24.6 million shares are the usual suspects.

They include Amova Asset Management, Areca Capital, Asdew Acquisitions, Avanda Investment Management, Ginko-AGT Global Growth Fund, ICH Synergrowth Fund, Lion Global Investors, TIH Investment Management, Tokio Marine Life Insurance Singapore, UOB Asset Management and Value Partners Hong Kong.

This placement, managed by Maybank Securities, attracted other unnamed high-net-worth corporate and individual investors too.

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