Attika Group has bolstered its shareholding base by successfully placing 15.6 million vendor shares at S$0.35 each, generating a total of S$5.46m. This strategic move attracted significant interest from investors, including Areca Capital, Asdew Acquisitions, ICH Synergrowth Fund, and Lion Global Investors Limited, along with high net-worth individuals.
The sale aims to improve the liquidity of Attika’s shares on the Singapore Exchange and optimise its capital structure. Steven Tan, Managing Director and Executive Chairman of the group, noted the strong demand from both institutional and high net-worth investors, highlighting the confidence in Attika’s growth prospects and strategic direction. “The sale of the Vendor Shares serves multiple strategic objectives for the Group. By broadening our shareholding base to include new institutional and high net-worth investors, we are enhancing the trading liquidity of our shares on the Singapore Exchange, which benefits all shareholders,” he stated.
The diversified investor profile is expected to strengthen Attika’s capital structure, providing a robust foundation for continued development. Tan further emphasised that the interest from quality institutional investors validates Attika’s business model and growth trajectory. He reiterated the company’s commitment to creating sustainable value for stakeholders as it executes strategic plans and capitalises on future opportunities.
This development marks a significant step for Attika Group in reinforcing its market position and ensuring long-term growth.
