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SGX-Listed InnoTek Completes S$16.0 Million Private Placement to Support Next Phase of Expansion in AI and New Energy Sectors
https://links.sgx.com/1.0.0/corporate-announcements/S7X4W4V2931DXRG0/884236_InnoTek%20-%20Share%20Placement%20PR.pdf
Yeap. Same goes for the placement too. It?s a matter of time that these will take place.
Cadence88 ( Date: 10-Apr-2026 09:31) Posted:
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Spot on! Would be good to see big fund houses getting into this counter.
Cadence88 ( Date: 10-Apr-2026 09:28) Posted:
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Not at the same time .. the 2nd sales not confirmed yet.
Iceycoke ( Date: 09-Apr-2026 17:35) Posted:
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The investors are AI and institutions (funds for eg) .. negotiated price. Not the ordianry retail investors.
Alignment ( Date: 09-Apr-2026 20:40) Posted:
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Based on my limited knowledge, shares placement are normally with institutions who are very interested in their business and knowing that the share price would go up hence they are willing to invest millions of dollars.
As I just step into this counter, for my dd, I looked at the chart and it does tells me a story. Pretty well orchestrate.
As I just step into this counter, for my dd, I looked at the chart and it does tells me a story. Pretty well orchestrate.
I wish I could have given the discount. The shares sell themselves.
Probably people with good relations with the broker would be the first in line is my guess. The company would have a say too.
Probably people with good relations with the broker would be the first in line is my guess. The company would have a say too.
Iceycoke ( Date: 09-Apr-2026 17:38) Posted:
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Very good question.
muifan ( Date: 09-Apr-2026 13:01) Posted:
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Like I mentioned, it?s different perspective. Having 2 sales of shares at the same time doesn?t need to think much and deeper. Of course, it?s purely my speculation. It doesn?t make me richer or poorer if he does or not.
But what I do know it?s I have bought the company shares and definitely do hope their share price will increase.
But what I do know it?s I have bought the company shares and definitely do hope their share price will increase.
Alignment ( Date: 09-Apr-2026 13:17) Posted:
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If you are suggesting Mr Lou subscribe to the placement and then sell the shares at a profit, I don' t think that would be ethical. There are explicit rules and ethical concerns relating to who gets the shares in a placement, and company insiders are not meant to use their influence to get to the front of the queue for a placement, especially where the placement is done at a big discount.
I' m pretty sure that Mr Lou' s selling is a reflection of an eventual retirement being on the horizon (he is selling 20% of his position). It is sensible of him to be selling in stages so as not to be caught by short term market movements and he is also locked up for 6 months so he has to do this in stages anyway. It is just that I don' t think he has chosen a particularly sensible time to start this process, or the method of doing so.
I' m pretty sure that Mr Lou' s selling is a reflection of an eventual retirement being on the horizon (he is selling 20% of his position). It is sensible of him to be selling in stages so as not to be caught by short term market movements and he is also locked up for 6 months so he has to do this in stages anyway. It is just that I don' t think he has chosen a particularly sensible time to start this process, or the method of doing so.
Iceycoke ( Date: 09-Apr-2026 12:49) Posted:
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Who took the placement?
Different perspective from mine.
Vendor shares sold is money going into his own pocket and the money is then been used to take the placement shares.
Why not sell later? Just like what you have thought off.
Vendor shares sold is money going into his own pocket and the money is then been used to take the placement shares.
Why not sell later? Just like what you have thought off.
Alignment ( Date: 09-Apr-2026 09:45) Posted:
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Fierce bb
Innotek seeks to raise up to $16 mil by placing out new shares at 65.06 cents CEO undertakes vendor share sale
Innotek (SGX:M14) plans to raise up to $16 million by placing out up to 24.6 million new shares at 65.06 cents each.
The placement price represents a discount of approximately 9.5% to the volume weighted average price of 71.89 cents, based on the last full market day of April 2.
The placement shares represent approximately 9.54% of the enlarged issued and paid-up share capital of the company.
In the recent FY2025 results, Innotek has announced the final dividend of 2 cents per share on February 26.
With the placement shares expected to be issued before the record date, which will be announced by Innotek in due course, the shares are expected to rank for the FY2025 final dividend.
According to Innotek, the estimated net proceeds from the placement is approximately $15.4 million and has earmarked $14 million for general corporate activities including potential acquisitions, joint ventures and/or strategic alliances and expansion of its operations in Southeast Asia.
The remaining $1.4 million will be allocated for general working capital. The placement exercise is managed by Maybank Securities.
Separately, Lou Yiliang, who is Innotek&rsquo s executive director and CEO, will be undertaking a vendor share sale of 6.15 million shares at 65.06 cents each by way of a married deal.
Maybank Securities has been appointed by Lou to execute the sale two market days after the placement shares are listed and quoted on SGX on a best effort basis.
Meanwhile, Lou has voluntarily committed to a self-imposed moratorium on any further sale or transfer of his shares in Innotek for six months following the sale. Post completion, Lou continues to hold an aggregate of 9.63% stake in Innotek.
Innotek expects the sale to further diversify and broaden its shareholder base, thereby potentially improve the trading liquidity of its shares.
Shares in Innotek last traded at 74 cents before the trading halt occurred on April 6.
has it not for the halt, it will rocket to 80x like nanofilm, now has to play catch up to be in the 80x ledge
BB push up to get out as they wanted to play the ceasefire but are stuck before the halt ...
Alignment ( Date: 09-Apr-2026 09:45) Posted:
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The market today is quite generous. The positive view to take would be that Innotek needs the money for some massive AI expenditure which will be incredibly profitable, for which the money it currently has on balance sheet is not sufficient. That would be a big amount of spending of course, but it is not impossible to believe. If so my only criticism again is execution - this could have been done better.
As to Mr Lou' s selling, it may be that he is contemplating retirement. He is around 75/76 at present? So selling down is fair enough, but again, his execution could have been better. That is his own choice of course.
As to Mr Lou' s selling, it may be that he is contemplating retirement. He is around 75/76 at present? So selling down is fair enough, but again, his execution could have been better. That is his own choice of course.
Wah.. cheong up...
sell on news to 65?
Both.. placement and vendor share sale....
Most likely drop close to placement price.... That is why push up the price in the first place...