Singapore Myanmar Investco Limited announced a private placement of 11,080,000 shares at a price of SGD 0.03 per share for the gross proceeds of SGD 332,400 on June 21, 2021. The transaction will include participation from The9 Limited, Investment Arm. The company will also issue options to subscribe for additional 33,250,000 new shares at an issue price of SGD 0.03 for each option share, for gross proceeds of SGD 997,500.