KSH

KSH: Grp has annouced the placement of 30.9m new shares and 4.1m existing shares to OCBC (Placement Agent) at $0.408. The placement prices represents a 5.18% to the Vwap of 11 Mar13. The gross proceeds will amt to $14.3m, where by Co. will use 70% proceeds for the support of grp's business in SG, PRC and Asean including strategive investments, JVs or acquistions. The other 30% will be used as general working capilta. Net effects of the placement is as follows: