Aspial Lifestyle Limited announced the allotment and issue of 149,254,000 new shares at 0.402 Singapore dollars each under its private placement, part of an equity fund-raising exercise targeting about 84.8 million Singapore dollars in gross proceeds.

The placement was more than two times covered, attracting demand from institutional investors such as Eastspring Investments, ICH Synergrowth Fund, JPMorgan Asset Management, Lion Global Investors, Value Partners Hong Kong and an insurance-based asset manager.

Following the issuance, Aspial Lifestyle’s total outstanding shares have risen from 1,851,284,692 to 2,000,538,692.

The new shares will be credited to subscribers’ CDP accounts before 9:00 a.m. on May, 25 2026 and will begin trading on the Singapore Exchange mainboard at the same time.

The private placement shares rank pari passu with existing shares but will not participate in the company’s forthcoming preferential offering.