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Yongnan placing out 47.5 mil new shares at 25.5 cents each

Stanislaus Jude Chan Published on Fri, Oct 06, 2017 / 8:20 AM GMT+8

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SINGAPORE (Oct 6): Yongnam Holdings is planning to sell up to 47.5 million new shares in the company at 25.5 cents each.

The issue price represents a 6% discount to the volume weighted average price per share of 27.13 cents on Thursday.

The placement shares represent 9% of the enlarged share capital of the company.

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