Jan 4 (Reuters) - Albedo Ltd ABDM.SI :
* Says proposed placement of 100 million new ordinary shares in the capital of the company
* Says placee will agree to subscribe for an aggregate of 100 million new ordinary shares at an issue price of s$0.01
* Says company intends to use up to 70% of the share placement net proceeds for the group's growth and expansion
* Says entered into a subscription agreement with toh ee han
* Source text for Eikon ID:nSNZ7qsJHF
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