The placement price represents a discount of approximately 9.34% to the volume weighted average price of 28.68 cents per share for trades done on the shares on the SGX-ST.
Sanli Environmental has proposed the placement of 38,492,404 ordinary shares in the capital of the company at 26 cents per share on Nov 24.
Sanli is expected to gain net proceeds of about $9.6 million from the proposed placement, after deducting estimated fees and expenses.
