Brief: Darco Water Technologies proposes placement of 5 mln new ordinary shares

Darco Water Technologies

26/01/2017 10:01

Jan 26 (Reuters) - Darco Water Technologies Limited 
 DRWT.SI : 
    * Entered into a placement agreement with Stone Robert 
Alexander and Capital Boom Limited 
    * To issue up to 5 million new ordinary shares in capital of 
company at a placement price of S$0.60 per share 
    * Rationale for proposed placement is to raise funds for 
company to invest in public-private partnership water 
infrastructure projects 
 
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Further company coverage:  DRWT.SI  
 
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