Shares of Singapore’s Ezra Holdings fell as much as 9% to a five-week low after the offshore services firm placed 110 million new shares.
By 9:05 a.m., shares of Ezra were 7.4% lower at $1.12 with a volume of over 80.4 million shares, making it the most actively traded stock on the Singapore exchange by value.
Ezra said it has raised gross proceeds of $121 million by placing 110 million new shares at $1.10 each.
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