Megachem (UK) Ltd announced a private placement of 12,000 ordinary shares at issue price of SGD 32.784583 per share for gross proceeds of SGD 393,415 on March 28, 2024. The transaction includes participation from returning investor, Megachem Limited. The Megachem Limited stake has been increased from 85% to 97%.The transaction has been approved at the board of directors of the investor.