SGX:F10

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FJ Benjamin Plans Private Placement; Shares Jump 13%

FJ Benjamin (SGX:F10) expects to raise around SG$302,400 via the placement of 42 million shares at SG$0.0072 each to two investors, according to a Monday filing with the Singapore Exchange.Proceeds will be directed towards working capital.Shares of the luxury products retailer surged nearly 13% in Monday trading.

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