Ezra Holdings Limited (SGX:5DN) announced a private placement of common shares for gross proceeds of SGD 1,000,000 from new investor Asia Fund Space on March 1, 2018. The company entered into a binding agreement with the investor. Post the closing, the investor will hold 92% stake in the company. The agreement is subject to all shareholders', creditors', United Stated and Singapore court, and other necessary approvals. The transaction will close by December 31, 2018.