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AcroMeta Group Limited ( (SG:43F) ) has provided an update.
AcroMeta Group Limited has received approval from the Singapore Exchange Securities Trading Limited for the listing and quotation of 16,666,667 new ordinary shares, subject to the company’s compliance with SGX-ST listing rules. The placement of these subscription shares must be completed within seven market days from the date of the notice, and the company has said it will update shareholders once the new shares are allotted and issued.
The company stressed that the exchange’s listing and quotation notice does not represent any assessment of the merits of the share subscription, the new shares, or AcroMeta and its subsidiaries. The move marks a further step in the company’s capital-raising process, with the timing requirements underscoring the regulatory framework governing new share issues on the Singapore market.
More about AcroMeta Group Limited
AcroMeta Group Limited is a Singapore-incorporated company listed on the Singapore Exchange. The group operates in the broader industrial and commercial sector, with its ordinary shares traded on SGX-ST and subject to the exchange’s listing requirements and oversight frameworks.
Average Trading Volume: 6,512,977
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$7.95M
For a thorough assessment of 43F stock, go to TipRanks’ Stock Analysis page.