May 24 (Reuters) - Raffles Capital Ltd (RAF) :
- Entered into a binding 'Heads of Agreement'
- Plans to conduct a capital raising under a full form prospectus to raise up to $10 million
- Agreement for acquisition of all securities in Singapore domiciled Gashubin Engineering and Gashubin Technology
- Says Raffles Capital Limited to acquire Gashub Companies
- Says Gashub Group managing director Lim Shao-Lin expected to hold about 40.2 pct of listed entity after completion of deal
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