WE Holdings

WE Holdings: to lift halt at 2pm. WE Holdings has entered into share placement agreements with 14 private investors, and will issue an aggregate 80m new shares at $0.10224 per placement share, worth $8.2m. The issue price represents an 8.7% discount to the counter’s last close at $0.112. Net proceeds from the proposed placement will be used to repay US$5.9m of the co’s borrowings.