Vallianz bags $13.43m investment from United Orient Capital
It will issue preference shares to UOC.
United Orient Capital will invest $13.43m (US$10m) in mainboard-listed offshore support vessel builder and marine solutions provider Vallianz Holdings.
Under a subscription deed that Vallianz signed with UOC, Vallianz will issue 10 million convertible preference shares at an issue price of US$1 per CPS to UOC.
The UOC Fund is managed by United Orient Capital GP Limited which is jointly held by United Overseas Bank Limited and ORIX Corporation.