Based on the placement price and the post-placement share capital of the company of 316,775,538 shares, Infinity Development Holdings’ post-placement market capitalization is $123.5 million.
Infinity Development Holdings has completed the placement of 35,100,000 new shares on the Catalist board of the SGX-ST, raising gross proceeds of $13.7 million.
The placement was priced at 39 cents per share, and attracted subscriptions from a range of institutional investors including ICH Ascend Open Master Fund VCC, Rockstead Assets Management VCC, Ginko-AGT Global Growth Fund and Asdew Acquisitions.
