Beverly JCG (SGX:9QX) entered into a subscription agreement with Lim Beoy Keen for the issue and allotment of 24,691,358 shares at an issue price of SG$0.0081 per share.
Through the subscription, the beauty and well services provider will raise gross proceeds of SG$200,000, according to a filing with the Singapore Exchange on Wednesday.
The company will utilize the proceeds to strengthen its financial position.
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