Y Ventures (SGX:1F1) has completed its rights issue, garnering valid acceptances for 624.4 million rights shares, or 252.93% of the offered 246.9 million shares, according to a Wednesday filing on the Singapore Exchange.
As of the closing date on Sept. 27, valid acceptances totaled 197.6 million shares, while excess applications reached 426.8 million shares.
The e-commerce and logistics firm will use the net proceeds of SG$890,000 to support working capital requirements.
Rights shares are set to be allotted on Oct. 3 and listed on the Catalist on Oct. 7.
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