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Computer-monitor maker and digital-broadcasting solutions provider DVB Holdings has raised about $102 million through a top-up share placement to boost working capital.
DVB's parent, electronic-products maker Universal Appliances, yesterday placed 17 million DVB shares at $6 each to the public through Worldsec Securities and then subscribed to a similar number.
The placement price was a 10.44 per cent discount to yesterday's market close of $6.70.
The move came a day after Universal said it had bought 15 million DVB preference shares from US-based Dii Group, which when fully converted to ordinary shares, would give Universal an additional 9.55 per cent stake in DVB.
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