Natsteel Electronics in share placement ahead of US listing

The Singapore government gives local favourite Natsteel a helping hand in the run-up to a possible US listing.

Singaporean electronics manufacturer, Natsteel Electronics has announced that it has raised S$200 million $115.86 million in fresh capital from Temasek Capital an arm of the Singapore government. Natsteel has sold Temasek 10.5 million new shares at $4.78 a share and issued an S$150 million convertible bond.

The price of the share placement represents a 1.2% discount to the previous days close and the bonds were issued at par and carry a zero coupon - essentially making it an...

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