By Devika Patel
Knoxville, Tenn., Dec. 20 - Matrix Valley plc said it raised £1 million in a private placement of shares.
The company sold 27,730,736 ordinary shares at 3.6p apiece to Japan Asia Investment Co. Ltd.
Proceeds will be used for the expansion of Matrix's clean drinking water vending machine business into Indonesia and Vietnam.
Based in Selangor, Malaysia, Matrix Valley provides clean and affordable drinking water via its WaterShop Vending Machine business.
| Issuer: | Matrix Valley plc
|
| Issue: | Ordinary shares
|
| Amount: | £998,306
|
| Shares: | 27,730,736
|
| Price: | 3.6p
|
| Investor: | Japan Asia Investment Co. Ltd.
|
| Settlement date: | Dec. 20
|
| Stock symbol: | Ofex: MAVP
|
| Stock price: | 5.25p (mid-market) on Dec. 20
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
