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]

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