Lum Chang Creations prices placement of up to 15000000 new shares at S$ 0.759 each

  • Lum Chang Creations entered a placement agreement to place up to 15,000,000 new shares at SGD 0.76 each.
  • Gross proceeds up to about SGD 11.4 million; net proceeds about SGD 10.8 million after about SGD 0.6 million expenses.
  • Deal also includes up to 20,000,000 existing shares sold by Lum Chang Holdings and Lim Thiam Hooi at the same price.
  • Placement price implies a 9.92% discount to the June 17 VWAP of SGD 0.84.
  • Completion targeted for June 29; proceeds earmarked mainly for acquisitions and investments, regional expansion, new projects, working capital.


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. Lum Chang Creations Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 8ILU8WMVIXUGNNCD) on June 18, 2026, and is solely responsible for the information contained therein.

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