Dezign Format raises $6.5m from 32.5 million placement shares

Trading of the shares commences on 15 August.

Dezign Format Group Limited raised gross proceeds of $6.5m from the placement of 32.5 million shares at $0.20 per placement share.

The shares are expected to commence trading on 15 August under the ticker symbol UZF.

Evolve Capital Advisory Private Limited is the sponsor, issue manager and placement agent for the listing and the placement.

Dezign Format said it attracted commitments from various institutional investor groups, including Asdew Acquisitions Pte Ltd, Lion Global Investors Limited, Maybank Asset Management Singapore Pte Ltd, Nikko Asset Management Asia Ltd, Pheim Asset Management (Asia) Pte Ltd, and Ginko-AGT Global Growth Fund.

The company’s post-IPO market capitalisation is $40m.

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