Aspial Lifestyle Limited (5UF) said on May, 25 2026 that it has completed a private placement of 149,254,000 new shares at 0.402 Singapore dollars each, raising gross proceeds of about 60.0 million Singapore dollars. The book was more than two times covered, with participation from institutional investors including Eastspring Investments (Singapore) Limited, ICH Synergrowth Fund, JPMorgan Asset Management, Lion Global Investors Limited and Value Partners Hong Kong Limited.
The new shares, representing approximately 10.5% of the enlarged share base, will begin trading on the Singapore Exchange at 9:00 a.m. on May, 25 2026. The issue price reflects an 8.1% discount to the volume-weighted average price of 0.4375 Singapore dollars recorded on May, 13 2026, the last full trading day before the company called a halt. DBS Bank, Oversea-Chinese Banking Corporation, SAC Capital and United Overseas Bank acted as joint placement agents.
The placement forms the first tranche of Aspial Lifestyle’s 84.8 million Singapore dollar equity fund raising. The second tranche is a non-renounceable preferential offering of 61,709,489 new shares on a one-for-30 basis at the same 0.402 Singapore dollars per share, expected to raise a further 24.8 million Singapore dollars and to list around Jun, 17 2026. SAC Capital will underwrite the preferential offer, while controlling shareholder Aspial Corporation and Non-Executive Chairman Koh Wee Seng have committed to take up their full entitlements.
Aspial Lifestyle plans to use about 67.8 million Singapore dollars (80%) of the total proceeds for business expansion, investments in its pawnbroking and secured lending operations and potential acquisitions, 15.3 million Singapore dollars (18%) for working capital and debt repayment, and 1.7 million Singapore dollars (2%) for transaction expenses. The company said the fund-raising and its recent transfer to the Singapore Exchange Mainboard on May, 4 2026 will strengthen its balance sheet, broaden its investor base and support long-term growth.