Shares of Singapore's Tiong Woon Corp Holding Ltd rose as much as 8 percent after the engineering and construction firm said Haosen Marine Pte Ltd had withdrawn a court claim against its subsidiary, Tiong Woon Oasis Pte Ltd.
FACED with strong project inflows and crane shortage, listed petrochemical sector haulage and heavy lift specialist Tiong Woon Corp yesterday announced a $28.2 million cash-raising exercise via a placement of 34 million new shares at 83 cents apiece.
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