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Bacui Technologies Proposes SGD 10 Million Share Placement to Controlling Shareholder

PUBT·11/11/2026 09:15:01
Bacui Technologies Proposes SGD 10 Million Share Placement to Controlling Shareholder
  • Bacui Technologies International agreed on November 11, 2026, to raise SGD 10 million through a share placement to controlling shareholder Xinlong Investment Holding.
  • The placement comprises 111,111,111 new consolidated shares at SGD 0.09 each, a 10% discount to the theoretical post-consolidation market benchmark.
  • Xinlong's stake would rise to 89.26% from 61.89% following completion.
  • Estimated net proceeds of SGD 9.91 million will fund business expansion, including investments and acquisitions.
  • The placement requires shareholder approval and completion of an interconditional 100-for-one share consolidation.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bacui Technologies International Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: RCTYDUZS61O5NKRA) on November 11, 2026, and is solely responsible for the information contained therein.