Singapore: Infinio Group raises S$18k in placement aimed at discharging debt

Singapore: Infinio Group raises S$18k in placement aimed at discharging debt

Infinio Group announced on Friday that it had entered into an agreement on Thursday to sell 180 million new shares at 0.1 cent each to Advance Opportunities Fund I, raising net proceeds of S$18,000 that will discharge part of its current liabilities, which stood at $3 million as at 30 September 2016.

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