Vallianz Holdings has secured new funding to the tune of SGD 7m ($4.9m) from investors said to be related to the founder of Ocean Tankers.
The Singapore-listed offshore vessel operator said it had agreed to sell Greatwill Asset Global 350m ordinary new shares at SGD 0.02 each.
The new investor is said to be owned by Lim Oon Cheng, who is reported to be the brother of Ocean tankers patriarch Lim Oon Kuin.
The
