Medi Lifestyle plans private placement of up to 178,588,000 shares at S$ 0.049 each

Reuters2026/08/16 23:36

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Medi Lifestyle entered a private placement to sell up to 178,588,000 new shares at S$ 0.049 each.
Gross proceeds up to S$ 8.75 million; net proceeds estimated at S$ 8.59 million after about S$ 161,301 costs.
Pricing implies an 8.92% discount to the S$ 0.0538 VWAP on Aug. 11, 2026.
Deal size equals 31.49% of existing shares; 23.95% of enlarged capital if fully placed; no change in control expected.
Net proceeds earmarked mainly for business expansion (70%) and working capital (25%); S$ 456,000 for shareholder-loan repayment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medi Lifestyle Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: FM3PSBV1N46ENCV6) on August 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Medi Lifestyle plans private placement of up to 178,588,000 shares at S$ 0.049 each

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