Aspial Lifestyle Raises SG$35 Million from Rights Issue

MT Newswires

2024/10/31

Aspial Lifestyle (SGX:5UF) received valid acceptances and excess applications for 296,979,393 shares in its rights issue, according to a filing with the Singapore Exchange on Wednesday.

The shares comprise 95.2% of the rights issue's total size, the filing said.

The company has raised net proceeds of about SG$35.4 million from the issue, which will be used to repay bank borrowings and for general working capital purposes.

Price (SGD): S$2797.20, Change: S$-3.6, Percent Change: -0.13%

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