Metech International to Raise SG$4 Million Via Subscription Agreements; Shares Jump 9%
Metech International (SGX:V3M) signed two separate subscription agreements to raise over SG$4 million via the subscription of 100 million shares at SG$0.040 per share, according to a Friday filing with the Singapore Exchange.Shares of the investment holding company jumped about 9% in Monday trading.Proceeds raised from the activity will be utilized for general working capital needs and to strengthen the company's financial position.