Mascon Global today said it had raised $10 million through an issue of global depository receipts (GDRs).
The company said it had successfully placed 2.5 million GDRs, with each GDR representing four underlying shares. The GDRs were priced at $4 and are listed on the Luxembourg stock exchange. Post-issue, the total outstanding shares stand at 30.8 million.
Mascon Global chairman Sandy Chandra said in a press release:
