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YGM to place 8 million shares
Garment merchant YGM Trading has announced a private placement of eight million shares to institutions and other investors for $7 a share, a 1.45 per cent premium to their closing price prior to suspension on May 9.
The placing is effected by the sale of shares by an existing shareholder, Canfield Holdings, which has a 59.5 per cent stake in YGM.
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