Retailer FJ Benjamin Holdings is raising $302,400 by placing out new shares to two prominent individuals, medical doctor Rosslyn Leong Sou Fong and Richard Eu Yee Ming, better known for fronting his family business Eu Yan Sang.
According to FJ Benjamin, which carries brands such as Marc Jacobs, Cole Haan, Superdry and La Senza, it will be issuing 42 million new shares at 0.72 cents each.
The placement price is at a 10% discount off the VWAP of 0.8. cents - the level FJ Benjamin last traded, which was June 17.
Leong is taking up 28 million shares while Eu will buy the remaining 14 million shares.
Upon completion of the placement, Leong will hold 2.28% of the company and Eu 1.14%.
FJ Benjamin describes both Leong and Eu as third-party private investors who do not hold or control any FJ Benjamin shares prior to this and who have no business dealings with the company.
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"The placees are subscribing for the placement shares for their own investment reasons," the company adds.
FJ Benjamin says the placement is part of its capital management and fund-raising strategy to strengthen its financial position and expand its capital base.
The company has been loss-making in the last two financial years. For the most recent 1HFY2026 ended Dec 2025, its losses widened to $9.52 million from $4.36 million in the year earlier.
As at Dec 31 2025, it recorded a negative working capital, excluding assets and liabilities held for sale, of $1.9 million.
