RH Orchard Pte. Ltd. announced a private placement of 999,998 common shares at SGD 1 per share for gross proceeds of SGD 999,998 on January 23, 2017. The transaction included participation from returning investor Roxy-Pacific Holdings Limited (SGX:E8Z) to retain 100% stake in the company. The investment of the investor increased from SGD 2 to SGD 1,000,000 in the company.