Travelite Holdings Ltd. (DE:DMA1) has released an update.
Travelite Holdings Ltd. is set to issue up to 31,549,204 new ordinary shares at S$0.08 each, offering one new share for every two shares held by existing shareholders. The TJ Group, led by Mr. Thang Teck Jong and his spouse, has committed to subscribe for their entitled portion and potentially all additional available shares. This move is part of the company’s efforts to raise capital as outlined in their previous announcements and in accordance with SGX-ST’s approval conditions.
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