KSH Holdings Limited has announced the successful sale of its entire 28,900,400 treasury shares, raising $6.35m (S$8.67m) through a placement. The shares were sold at $0.22 (S$0.305) each, a 6.44% discount to the previous day’s average price. The placement, managed by Evolve Capital Advisory and Maybank Securities, attracted notable investors such as ICH Capital, GinkoAGT Global Growth Fund, and Lion Global Investors.
The decision to sell the treasury shares was driven by strong demand from both institutional and individual investors, aiming to broaden KSH’s shareholder base and improve share liquidity. These shares were initially acquired through the company’s share buy-back scheme in previous years.
Executive Chairman and Managing Director Choo Chee Onn expressed gratitude for the investor interest, stating, “The interest from institutional funds and individual investors for this Placement demonstrates confidence in KSH’s long-term prospects. We appreciate the unwavering support from our shareholders as we pursue long-term growth.”
KSH Holdings, a prominent construction and property development group, has been listed on the Singapore Exchange since 2007. The company is recognised for its capability in handling diverse construction projects and has received accolades such as the BCA Construction Excellence Awards. The funds raised from this placement will be used for working capital, supporting KSH’s ongoing commitment to enhancing shareholder value and delivering sustainable returns.
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