May 24 (Reuters) - Raffles Capital Ltd:
* 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 Source text for Eikon: Further company coverage: