January 12, 2018

Y Ventures has proposed to place 5 million new shares at S$0.24 per share to a strategic investor, R3 Asset Management. The placement price represents a discount of about 9.6% to the last volume average price. Both parties have also signed an agreement whereby R3 will endeavour to introduce new retail brands, strategic alliances and possible acquisition targets that synergise with Y Venture’s proprietary retail analytics and ecommerce distribution networks. Share price closed at S$0.335