Sincap Group Limited (Catalist:5UN) will look for acquisitions. Sincap Group Limited proposes to raise capital by issuing an aggregate of 450 million new ordinary shares. The total consideration for the Placement is SGD 4.5025 million. Sincap Group Limited intends to utilize 10% of the net proceeds for general working capital purposes, which includes general and administration expenses and 90% of the net proceeds for future business developments through potential investments, acquisitions, joint ventures, collaborations and expanding the current business as carried out by the Sincap Group Limited's subsidiary, Orion Energy Resources Pte. Ltd.