Osaka Gas Singapore Pte. Ltd. announced that it expects to receive SGD 4.1 million in funding from Osaka Gas Co., Ltd.
Osaka Gas Singapore Pte. Ltd. announced a private placement of common shares for gross proceeds of SGD 4,100,000 on October 22, 2021. The transaction will include participation from returning investor Osaka Gas Co., Ltd. to retain its 100% stake in the company. Post the transaction, the registered capital of the company will increase to SGD 166,917,000. The payment date is from November 2021 to January 2022.