29 January, 2015

Stamford Law is advising Advance SCT Limited on a renounceable nonunderwritten rights issue of new ordinary shares in the capital of the company at an issue price of SGD 0.20 for each rights share and free detachable warrants, raising up to approximately SGD 34.2m.  Advance SCT Limited intends to utilise the net proceeds from the rights shares cum warrants issue for business expansion, debt repayment and working capital.

Stamford Law Director, Bernard Lui, and Associate Director, Ryan Lin, led the transaction team.

Conventus Law