TEE International to raise $3.8 million via private placement of 129 mil new shares
Atiqah Mokhtar • • 1 min read
Gross proceeds from the proposed placement amount to $3.9 mil.
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TEE International has announced a private placement of 129 million new ordinary shares in the company at 3 cents per share, amounting to a total of $3.9 million in proceeds.
The issue price represents a discount of approximately 3.7% from the weighted average price of the company’s shares of 3.12 cents as of May 14.
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