Oxley to acquire 10% stake in Aspen via placement for S$23.3 mil

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SINGAPORE (April 30): Oxley Holdings has agreed to subscribe to 97 million new shares at 24 cents each in Aspen (Group) Holdings via a placement exercise, for a total of S$23.28 million.

The transaction will see Oxley own a 10.07% stake in Aspen’s enlarged share capital, following the allotment and issuance of the placement shares.

The issue price represents a 14.72% premium to the volume weighted average price of 20.92 cents for each share of Aspen, based on trades done on SGX on Apr 27 — the last full market day, before...(click on link for full story on theedgesingapore.com)