SINGAPORE (Sept 22): PSL Holdings says its has gone into a private membership concurrence with three speculators for the issuance of 7,734,000 new shares to raise gross continues of $2.96 million.
This will be done at an issue cost of 38.25 pennies for every offer, which speaks to a rebate of 10% to the volume weighted normal value (VWAP) of 42.5 pennies for exchanges done on its organization’s shares, says PSL in a Thursday proclamation.
Shares of PSL shut 24.7% higher on Wednesday at 48 pennies.
No position operator has been named.
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