Singapore: LH Group placement oversubscribed ahead of proposed RTO

Singapore: LH Group placement oversubscribed ahead of proposed RTO

LH Group Limited, specialist contractors of aluminium works and manufacturer of traction devices and vehicle parts listed on the Mainboard of the Singapore Exchange (SGX), that is currently attempting to do a reverse takeover, to acquire real estate fund management company Pacific Star Development, has said its conditional placement at the issue price of S$0.80, has received subscriptions for about 10.1 million shares, amounting to about S$8.1 million.

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