Aspial Lifestyle's (SGX:5UF) preferential offering opened on Thursday, seeking to secure gross proceeds of about SG$84.8 million, according to a same-day filing with the Singapore Exchange.
The company has started dispatching the official instruction booklet and acceptance forms to eligible shareholders.
The deadline to accept provisional allotments or apply for excess preferential shares is on June 8.
The newly issued preferential offering shares are expected to be credited to accounts on June 16.