Brief: GS Holdings Announces Proposed Placement Of Up To 26.7 Mln New Ordinary Shares

Octopus (APAC) Holdings

17/12/2018 13:54

Dec 17 (Reuters) - GS Holdings Ltd  GSHO.SI :
    * GS HOLDINGS LTD ANNOUNCES PROPOSED PLACEMENT OF UP TO 26.7
MILLION NEW ORDINARY SHARES IN CAPITAL OF GS HOLDINGS AT S$0.18
PER SHARE
    * NET PROCEEDS FROM PLACEMENTS EXPECTED BE ABOUT S$4.7
MILLION
    * ABOUT 80% OF NET PROCEEDS WILL BE USED TO ACQUIRE
COMPANIES OR
ASSETS IN FOOD AND BEVERAGE BUSINESS

Source text for Eikon:  ID:nSNZ3sPyrF 
Further company coverage:  GSHO.SI 

 ((Reuters.Briefs@thomsonreuters.com;))