Tiong Seng Holdings increases share capital with $2m placement

The placement agreement was signed with Continental Steel Pte Ltd, one of Southeast Asia’s premier steel suppliers.

Tiong Seng Holdings announced a proposed placement of 20 million new ordinary shares at $0.10 per share, raising a total of $2m.

It said issuance will increase the company’s share capital from 441 million to 461 million shares, with the new shares representing 4.34% of the enlarged share capital.

The placement agreement was signed with Continental Steel Pte Ltd, one of Southeast Asia’s premier steel suppliers known for its sustainability initiatives, including green steel production.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia