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SingHaiyi undertakes rights issue to raise $143 mil in net proceeds

PC Lee Published on Wed, Dec 27, 2017 / 10:54 AM GMT+8

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SINGAPORE (Dec 27): SingHaiyi Group is selling up to 1.435 billion new shares at 10 cents each.

The issue price of 10 cents represents a discount of 11.8% to the theoretical ex-rights price of 11.3 cents each, says the property group in a Tuesday night filing.

As at 10.50am, shares in SingHaiyi are trading at 12 cents.

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