Oxley raises nearly $13 mil from treasury shares sale to 34 investors

SINGAPORE (Oct 17): Property developer Oxley Holdings managed to raise more than $12 million from the sale of treasury shares to 34 investors for working capital purposes.

Approximately 22.7 million treasury shares in total were sold for $13.4 million. The placement shares represent about 0.77% of Oxley's issued share capital.

The placement price represented an 8.3% discount to the volume weighted average price of 64.34 cents for trades done on Oct 12.

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