SINGAPORE (July 19): Data centre equipment and lifecycle services provider Procurri Corporation, a subsidiary of DeClout, announced that its offering of 68.88 million shares for its proposed listing on the SGX Mainboard has been 1.9 times subscribed. Each share was priced at 56 cents.

According to a press release dated Tuesday, there were 1,796 valid applications for 69.64 million Public Offer Shares, with application monies received amounting to $39.0 million. Given that 6.88 million shares were made available to the public for application, this means the public offer was 10.1 times subscribed.

The 62 million Placement Shares allocated to institutional and other investors was fully and validly subscribed with application monies of $34.7 million.

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