Halycon Agri

Halycon Agri: Potential positive sentiment after the company announced a 40m placement of shares at $0.5175, amounting to $20.7m to Credence Capital Fund II, which is a PE firm owned by Koh Boon Hwee, Tan Chow Boon and Seow Kiat Wang. The Board believes that the Placement will help strengthen the capital base of the Co as well as fund the growth and expansion of business, such as acquisitions and investments. The funds are not to be used for the Co’s general working capital requirements.