Mencast

Mencast: lift halt today at 8.30am.
To place out 22.5m new shares (~11.8% of existing shares out) at issue price of $0.53, a 5.4% discount to the counter’s last close at $0.56.

Among the investors, SME-Co is a private equity fund ultimately owned by Temasek.

Of the net proceeds of ~$11.9m, one-third will be used for future acquisitions, one-third for future expansions and the remainder for general working capital.