28 Mar 2022

S$14.8 million Rights Issue of Shares and Warrants and S$15 million Placement of Shares in Viking Offshore and Marine Limited

Partners Danny Lim and Tan Mui Hui from Rajah & Tann Singapore are advising Viking Offshore and Marine Limited, which is listed on the Catalist Board of the Singapore Exchange Securities Trading Limited, in its composite corporate actions comprising S$14.8 million rights issue of shares and warrants, S$15 million placement of shares, diversification of business to include supply chain management and lifestyle retail businesses, change of name to “9R Limited” and disposal of interest in its wholly-owned subsidiaries, Viking Airtech Pte. Ltd. and Viking HVAC Pte. Ltd..