Meanwhile, the share placement of 86.2 million new ordinary shares at a placement price of 8.1 cents per share was fully subscribed. It attracted institutional investors including Lion Global Investors, Asdew Acquisitions, ICH Capital, Ginko-AGT Growth Fund, Areca Capital and Azure Capital.
ISOTeam has raised gross proceeds of about $10 million from its share placement and convertible bond placement exercise.
The convertible bond placement in the aggregate principal amount of $3 million which may be converted into 32.9 million conversion shares at approximately 9.1 cents per share was fully placed out to three bond investors, namely Asdew Acquisitions and two other private investors.
