Investment holding firm VCPlus has announced that it will issue 170 million new shares at one cent per share to five investors in five different subscription agreements, raising proceeds of about $1.7 million.
Five investors, namely, Aw Hui Bing, Gan Fong Jek, Lim Seop Huang, Tan Kim Seng and investment holding company Thong Xin have agreed to subscribe for an aggregate of 170 million new ordinary shares.
