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Jubilee Industries Holdings Ltd Raises Approximately SGD15 Million From Placement Of New Shares


Wednesday, 19 Jun 2013 09:40pm EDT 

Jubilee Industries Holdings Ltd announced that it will raise approximately SGD15.0 million via a proposed placement of new shares (Proposed Placement) to fund strategic diversification into investing activities in addition to current precision plastics core business (Proposed Business Diversification). The Proposed Placement is expected to broaden Jubileeā€™s issued share capital base to 234.7 million shares from 137.3 million. The net proceeds of approximately SGD15 million will be used primarily for investments in quoted and unquoted equities. 

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