-- Salt Investments (SGX:FQ7) signed a placement agreement with Evolve Capital Advisory to raise up to SG$4.8 million via the placement of up to 1.75 billion shares at SG$0.00275 per share, according to a Thursday filing with the Singapore Exchange.
Shares of the maritime services company zoomed over 33% in Monday trading.
The proposed placement will allow the company to raise funds for business expansion and to broaden its shareholder base.