Placement Media Release 30 Nov 2016 final
New Silkroutes Group placing out new shares to raise S$25m for acquisitions
NEW Silkroutes Group Limited is placing out new shares to raise up to S$25 million for acquisitions and working capital, in what will be its largest fundraising exercise in recent years.
The group said on Wednesday night that it will issue up to 25.5 million new shares at approximately 97 Singapore cents each.
Among interested parties that are in discussion with the group, Kuala Lumpur-based Fortress Capital Asset Management (M) Sdn Bhd and Singapore-incorporated Quantum Health Pte Ltd, a healthcare investment and consultancy firm, have confirmed their interest.