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Vertex Ventures announces allotment and issuance of new redeemable preference shares to fund future investments

Nicole Lim
Nicole Lim • 1 min read
Vertex Ventures announces allotment and issuance of new redeemable preference shares to fund future investments
637,000 US$ Class A RPS and 100,000 S$ Class A RPS has been announced for US$100 and $100 respectively per share.
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The board of directors of Vertex Ventures has issued and allotted two additional classes of redeemable preference shares — 637,000 US dollar Class A redeemable preference shares and 100,000 Singapore dollar Class A redeemable preference shares. 

Vertex is a subsidiary of Temasek Holdings. 

The shares are priced at US$100 per share and $100 per share, making an aggregate consideration of US$63.7 million and $10 million on July 16. 

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