s part of the admission process, the company raised gross proceeds of us$ 5.89 million through an over-subscribed placing of 8,434,782 new Ordinary Shares, at a placing price of us$ 0.69 per Ordinary Share.
In addition, 1,452,174 Ordinary Shares were placed on behalf of existing shareholders at the Placing Price, raising us$ 1 million for the vendors.
The Ordinary Shares have been placed with a number of institutional investors and High Net Worth Individuals.
