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Green Build Technology Secures SGX Nod For Share Placement to Helyon

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Green Build Technology (SGX:Y06) has received in-principle approval from the Singapore Exchange to list up to 600 million subscription shares and up to 360 million warrant shares for an incoming controlling shareholder, according to a Thursday bourse filing.

The subscription shares will be issued at SG$0.016 apiece to raise approximately SG$9.6 million. The attached free warrants are exercisable at SG$0.02 each.

The transaction involves Helyon, which previously submitted a pre-conditional mandatory cash offer in April to acquire all remaining shares it did not own at SG$0.016 per share.

What else is happening in Asia?

Asia

Cheng Loong Clarifies Report Projecting September Revenue

Cheng Loong (TPE:1904) said an Economic Daily News report projecting September revenue above NT$4 billion was based solely on forecasts from institutional investors, according to a Wednesday filing.The report stated that the packaging manufacturer's September revenue is expected to remain at August's high level, potentially keeping monthly revenue above NT$4 billion for three consecutive months.

TPE:1904
Asia

Parkson Retail Renews Department Store Lease

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KLSE:PARKSON
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South Korea to Implement Structural Reforms to Aid Economic Recovery

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