Placement for Ocean-Land

PUBLISHED : Friday, 27 March, 1998, 12:00am
UPDATED : Friday, 27 March, 1998, 12:00am

Ocean-Land Group has launched a placement and subscription exercise to raise $40 million to increase the shareholder base and liquidity of the counter. Controlling shareholder Pan Pacific Traders is to sell 100 million existing shares to institutional investors before subscribing for 20 million new shares.