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EMS Energy to raise funds of up to $14.8 million

Published on May 6, 2014 4:29 PM

SINGAPORE - Catalist-listed EMS Energy is proposing to raise up to $14.8 million in net proceeds through a one-for-one rights issue.

It wants to issue one rights share for each existing ordinary share at two cents each.

The rights issue will be renounceable and non-underwritten.

The firm, which provide engineering, customised equipment, contract manufacturing and packaging solutions, is building a new waterfront facility in Tuas.

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