Blumont

Blumont: to lift halt at 11am. To place 250m new shares at issue px of 2.65cts/sh. This represents ~19.8% of the existing share base. The net proceeds will be used to strengthen the Group's working capital (~30% ) and the remainder to increase its ability to fund its growth and business expansion as and when opportunities arise. Subscribers are individuals Huang Phuet Mui, Ho Cheng Leong, Lim Kuan Yew, and Ronald Menon RK Menon.