Baywind Properties Pte. Ltd. announced a private placement of 999,998 shares at an issue price of SGD 1 per share for gross proceeds of SGD 999,998 on March 31, 2021. The transaction involved participation from returning investors ABR Holdings Limited (SGX:533) and LWH Holdings Pte. Ltd for 499,999 shares for gross proceeds of SGD 499,999 each. The investors will retain their 50% stake in the company respectively. Post the completion, the paid-up capital increased from SGD 2 to SGD 1,000,000.