Iwash Laundry (Tuas) Pte. Ltd announced a private placement of 950,000 ordinary shares at a price of SGD 1 per share for gross proceeds of SGD 950,000 on January 17, 2019. The transaction involved participation from returning investor 800 Super Holdings Limited (Catalist:5TG). The investor will retain its 100% stake in the company. Post the transaction, the issued and paid-up share capital of the company has increased from SGD 50,000 to SGD 1,000,000.