SINGAPORE (Mar 26): Homegrown property developer Oxley Holdings has successfully raised about $78.1 million in net proceed through the placement of some 156.8 million shares at 51 cents each.

In a Monday night filing, Oxley says subscribers included prominent institutional investors from Singapore, Hong Kong, Malaysia and the United Kingdom.

See: Oxley to raise up to nearly $80 mil in private placement

Oxley plans to use the net proceeds for working capital purposes including the funding of project development.

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