23 Jan 2014
Proposed Private Placement of Shares in the Capital of AusGroup Limited
Serene Yeo, Cynthia Goh, Alison Foo and Lim Ee Nian from the Corporate and Capital Markets Practice acted for AusGroup Limited ("AGL" or "the Company") in its private placement of 96,100,000 new ordinary shares for an aggregate consideration of approximately S$16.1 million. DBS Bank Ltd. was the placement agent to AGL.
Main board-listed, AusGroup Limited is an energy and resources specialist providing fabrication, precision machining, construction and integrated services to natural resource development companies. The Company also provides access services for construction and maintenance contracts through MAS Australasia Pty Ltd. It has an established operations network strategically positioned throughout Australia, Singapore and Thailand.