Sanli Environmental seeks $4m in placement round

The issue price is at $0.12 per share.

Sanli Environmental Limited has entered into a placement agreement with SAC Capital Private Limited to raise $4m through the issuance of 33,333,333 new ordinary shares at $0.12 each.

The placement will be conducted on a best endeavours basis by the appointed placement agent.

The proposed placement is not underwritten and will be undertaken by way of an exempt offering in Singapore in accordance with Section 272B of the Securities and Futures Act 2001 of Singapore. Accordingly, no prospectus, offer document or offer information statement will be issued by the Company in connection with the proposed placement.

The placement price was set after discussions with the placement agent and reflects a 5.73% discount to the volume-weighted average price of $0.1273 per share on 30 June 2025, the last full trading day before the company's trading halt and the signing of the agreement.

As at the date of the FY2024 AGM, the Company had 266,432,113 shares in issue, excluding treasury shares and subsidiary holdings.