Regal International Group is a Malaysian real estate developer. It is listed on the mainboard of the Singapore Exchange, via a reverse takeover (RTO) of metallic precision manufacturer Hisaka Holdings.
The acquisition by Hisaka Holdings of the entire issued and paid-up share capital of Regal International for a consideration of S$127.3 million is satisfied fully by a combination of cash payment and the issue and allotment of shares.
Cresco Investments was the arranger for this RTO, and this transaction was successfully completed.
Cresco Investments have extensive experience in assisting companies in fund raising activities.
Rights Cum Warrants Issue:
We assisted in the fund raising for AA Group Holdings Ltd through the issuance of Rights cum Warrants issue. A total of S$9.6 million was raised through the Rights issuance and another S$11.5 million through the Warrants when exercised.
We assisted in the fund raising for Sincap Group Limited through the issuance of Rights shares. A total of S$3.8 million was raised through this exercise.
Cresco Investments have successfully arranged placements of new ordinary shares and fund raising for various companies.
Communication Design International Limited:
Communication Design International Limited (now known as Imperium Crown Limited) completed a Placement of Shares exercise and raised a total of S$3.5 million. Cresco Investments arranged the entire transaction and even took a position in this exercise
Sincap Group Limited:
Sincap Group Limited completed a placement of 350 million new ordinary shares. A total of S$6.3 million was raised during this placement exercise. The entire transaction was arranged by Cresco Investments.