Fruitage International Limited announced that it will issue 6,250,790 common shares at a price of $1 per share for gross proceeds of $6,250,790 on November 10, 2019. The transaction will include participation from returning investor Enterex International Limited (TSEC:1592). Post closing, the investor will retain 100% stake in the company. The transaction has been approved in the fourth session 14th meeting of board of directors of the investor, and is expected to close on November 29, 2019.