Clearbridge Health Enters Subscription Agreement for 309.5 Million Shares; Shares Surge 33%

MT Newswires

2024-12-20

Shares of Clearbridge Health surged over 33% in recent trading.

Clearbridge Health (SGX:1H3) entered into a subscription agreement with Ong Choon Yi for the subscription of 309,500,000 shares in the company's capital for an issue price of SG$0.0031 per share and an aggregate consideration of SG$959,450.

Proceeds raised from the placement will be utilized for general working capital and for repayment of existing borrowings, according to a filing with the Singapore Exchange on Thursday.

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