TrickleStar (SGX:CYW) signed a placement agreement with PrimePartners Corporate Finance to raise SG$2.4 million through the placement of around 79.1 million shares at SG$0.0306 per share, according to a Wednesday filing with the Singapore Exchange.
Proceeds from the placement exercise will be used for business expansion and for general working capital needs.
Shares of the provider of energy saving products surged 59% in Wednesday trading.
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