Brief: Sincap Group Proposes To Raise S$4.5 Mln By Issuing About 1.74 Bln Shares

Skylink Holdings

19/08/2021 15:47

Aug 19 (Reuters) - Sincap Group Ltd  SINC.SI :
    * PROPOSES TO RAISE CAPITAL BY ISSUING AN AGGREGATE OF 1.74
BILLION SHARES
    * TOTAL CONSIDERATION FOR PROPOSED PLACEMENT IS S$4.5
MILLION
    * CO WILL USE PROCEEDS OF PROPOSED PLACEMENT TO MEET ITS
IMMEDIATE
WORKING CAPITAL REQUIREMENTS
    * HONG KONG PUZHOU NEW MATERIAL TO SUBSCRIBE TO SHARES
    * PLACEMENT TO ADDRESS CURRENT CASHFLOW ISSUES BY BRINGING
IN
SHAREHOLDER
    * PLANS TO TAKE A NEW DIRECTION FOR BUSINESS, INCLUDING
CONSTRUCTION MATERIALS SECTOR

Source text for Eikon:  ID:nSNWP49Y 
Further company coverage:  SINC.SI 

 (Reuters.Briefs@thomsonreuters.com)