Huationg Global enters $7m placement deal with CGS International Securities

Net proceeds will fund working capital, whilst NTA and EPS dips slightly.

Huationg Global Limited entered into a placement agreement with CGS International Securities Singapore Pte. Ltd. to strengthen the company’s finances, expand its shareholder base, and provide balance sheet flexibility.

The placement deal will comprise approximately 11.8 million ordinary shares, valued at $0.60 per share, totalling up to $7.08m, according to an SGX filing.

The filing also said that the new shares represent approximately 6.66% of the existing share capital and 6.24% of the enlarged share capital.

The net proceeds, valued at around $6.78m, will all be used for general working capital purposes, including meeting manpower costs and administrative expenses.

The company’s net tangible assets per share are expected to decrease slightly from 62.36 cents to 62.21 cents, based on the company’s audited statements for fiscal year 2024.

Earnings per share are also projected to decrease from 9.23 cents to 8.49 cents.

The shares will be issued under the General Mandate approved at the Annual General Meeting held on 23 April 2025.

The company will also pay a commission of 2.85% of the placement price to the agent, with a potential discretionary incentive fee of up to 0.25%.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

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