RH Developments Pte. Ltd. announced a private placement of 1,999,998 shares at a price of SGD 1 per share for gross proceeds of SGD 1,999,9998 on January 22, 2018. The transaction included participation from existing investor Roxy-Pacific Holdings Limited (SGX:E8Z). The company’s registered capital has been increased from SGD 2,000,000 to SGD 3,999,998. Investor shall continue to hold 100% stake in the company.