Yongnam Holdings Limited announced that it has received SGD 12.5 million in funding

On June 4, 2019, Yongnam Holdings Limited (SGX:AXB) closed the transaction. The company has received SGD 12,500,000 in the transaction. The company paid SGD 400,000 as an estimated fees and expenses in the transaction, amounting to net proceeds of SGD 12,100,000.