Transcorp Holdings Limited announced that it expects to receive SGD 1 million in funding
January 16, 2020
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Transcorp Holdings Limited (Catalist:T19) announced that it has signed a letter of intent for a private placement to receive gross proceeds of SGD 1 million on January 17, 2020. The transaction is subject to satisfactory due diligence by the investors and the signing of a legally binding placement or investment agreement.
Transcorp Holdings Limited, formerly Transview Holdings Limited, is a Singapore-based investment holding company. The Company's principal activities include property leasing and development. The Company's segments include golf business, investment property and corporate. The Company's golf business includes business activities from managing a public golf course and golf driving ranges. The investment property segment leases out investment properties. The corporate activity provides corporate support services to the Company. It has a stake in a property development venture in Singapore. It leases its commercial investment properties in Singapore and Malaysia. The Company's subsidiaries include Transrich Pte Ltd, Transcorp Resources Pte Ltd and Transcorp Development Pte Ltd. Its subsidiaries are engaged in investment holding.