Samurai 2K Aerosol IPO placement shares fully subscribed

SINGAPORE (Jan 12): Samurai 2K Aerosol announced Thursday that the placement for its initial public offering has been fully subscribed at the close of the application list at 12pm.

The placement comprised 20 million new shares priced at 20 cents per share, raising a total of $4 million.

In a statement on Thursday, Samurai 2K says the net proceed of around $2.35 million will be used for the expansion of production facilities and for general working capital purposes.

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