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Aspial Lifestyle Receives In-Principle Approval for Listing of Placement Shares

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Aspial Lifestyle (SGX:5UF) received in-principle approval from the Singapore Exchange Securities Trading for the listing and quotation of private placement shares on the SGX-ST Mainboard, according to a Tuesday bourse filing.

Shares of the consumer lifestyle retail brand were down over 2% in Wednesday trading.

Earlier, the company had outlined plans to raise around SG$84.8 million through the issuance of 149.3 million shares and a non-renounceable preferential offering of 61.7 million shares extended to existing eligible shareholders.

Both tranches were priced at S$0.402 per share.

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