AB Care (Singapore) Pte. Ltd. announced a private placement of 9,581,600 shares at an issue price of SGD 1 per share for gross proceeds of SGD 9,581,600 on November 5, 2020. The transaction will involve participation from returning investor Taisun Int'l (Holding) Corporation (TSEC:8480). The transaction has been approved by the board of directors of the investor, Taisun Int'l (Holding) Corporation (TSEC:8480).