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CPH morphing into SME lender in $62 mil RTO deal with oCap

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CPH morphing into SME lender in $62 mil RTO deal with oCap

Trinity Chua Published on Thu, Nov 22, 2018 / 11:13 AM GMT+8

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SINGAPORE (Nov 22): PCB manufacturer CPH is transforming into an alternative financing provider for SMEs via a reverse takeover of oCap.

Under terms of the RTO deal, CPH will issue 5.15 billion new shares at 1.2 cents each to oCap, valuing the lender at $61.8 million.

CPH last traded at 0.8 cent before trading halt was called after market closed on Tuesday, valuing the company at $9.8 million.

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