OKH

OKH: Its recently announced share placement of 60m new shares at $0.68 each was taken up by Han Seng Juan, Chow Kok Seng, Vince Chen and Poh Seng Kui. The four prominent investors were also involved in OKH's compliance placement in the company earlier in May 2013, which was then known as Sinobest Technology Holdings. Majority of the net proceeds of $39.5m will be utilized for potential acquisitions and business expansion plans (80%), while the remaining will be used for working capital.