The company, on Oct 14, entered into a placement agreement with SAC Capital and Maybank Securities, the placement agent and sub-placement agent, respectively, to initially raise $6 million by placing 15.38 million shares.
Catalist-listed Reclaims Global has raised $7.8 million after placing 20 million new shares at 39 cents apiece.
Institutional funds and investors that subscribed for the placement shares include Lion Global Investors for and on behalf of its clients, Asdew Acquisitions, ICH Synergrowth Fund, Ginko-AGT Global Growth Fund and Tan Kim Seng, co-founder of Tembusu Partners and founder and executive chairman of formerly-listed KS Energy.
