It said on Wednesday it would issue up to SGD 20.65m ($16m) of fresh stock at SGD 0.70 each.
The price is a discount of 8.33% to the average level on 15 September.
The company has a mandate from shareholders to issue up to 20% of the existing capital, but the slice represents 10% of the stock - and 9.1% of the enlarged capital.
After