News Snapshot:
Challenger Technologies has entered a deal to allot 56.55 million new shares, or 14.08 percent of the enlarged capital, to subscriber Digileap Capital, which is wholly owned by Dymon Asia Private Equity (S.E. Asia) II, the electronics retailer said in a filing to SGX Wednesday. The shares will be issued at S$0.58 each to raise gross proceeds of S$32.8 million, the filing said. The issue price is a 14 percent premium to the volume weighted average price of S$0.50 on Tuesday, the filing said. After the deal is completed, Digileap Capital will hold a 14.92 percent stake in Challenger, the...
