Ebara Singapore PTE. Ltd. announced a private placement of common shares for gross proceeds of SGD 8,740,000 on July 14, 2022. The transaction will include participation from returning investor Ebara Foods Industry,Inc. to retain its 100% stake in the company.

The transaction has been approved in the board of directors meeting of the investor. Post the transaction, the capital of the company will increase from SGD 5,850,000 to SGD 14,590,000. The transaction is expected to close in August 2022.