Straits Asia raises 102.22 million dollars for expansion

摘要

Straits Asia, owner of South Kalimantan's Sebuku mine, is set to raise 151.18 million S dollars (102.22 million dollars) via an oversubscribed placement of new shares on the Singapore Stock Exchange. The company will issue 94.485m new shares at 1.60 million S dollars/share, 2.4 percent under the share price one day before the placement price was agreed.