Aspial

Aspial: enters into placement agreement with Maybank Kim Eng for the proposed placement of up to 33m new shares (~2.7% of existing shares out) at $0.40 per placement sh, a 5.9% discount to Aspial’s last closing price at $0.425. Mgt believes the placement will allow Aspial to be better placed to seize opportunities as the economy grows, and the net proceeds of $13m is intended to be used to finance business expansion and general working capital.