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OTS Holdings launches IPO of 41 mil invitation shares at 23 cents apiece; to raise gross proceeds of $9.43 mil

Felicia Tan
Felicia Tan • 2 min read
OTS Holdings launches IPO of 41 mil invitation shares at 23 cents apiece; to raise gross proceeds of $9.43 mil
The public offer opens at 6pm on June 8 and closes at 12pm on June 15.
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OTS Holdings has launched its IPO of 41 million invitation shares at 23 cents per invitation share on June 8.

The group expects to raise gross proceeds of $9.43 million. Of the net proceeds of $7.90 million, OTS Holdings will receive some $6.56 million.

The invitation shares comprise 1 million public offer shares at 23 cents apiece by way of a public offer in Singapore.

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