Asia
Vallianz shares slide
Singapore: Shares in offshore marine services provider Vallianz Holdings plunged today, as trading resumed after the company announced a placement of new shares.
Vallianz said it plans to place up to 230m new ordinary shares at the placement price of $0.13545 per share.
It has also entered separate share subscription agreements with a number of investors for 170m shares at the same price. [17/06/14]