Wednesday, July 31, 2013

Hiap Hoe acquires 14.9% stake in Ley Choon for $14.5 mil

Mainboard-listed Hiap Hoe Limited said its wholly-owned investment arm, Hiap Hoe Investment, has acquired a 14.9% interest in Ley Choon through a placement of about 88.3 million shares at a price of 16.42 cents per share. The placement price represents a 10% discount from the full market trading day’s weighted average price of $0.1824 per share on 30 July 2013.

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