Annica Holdings Limited (SG:5AL) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Annica Holdings Limited has doubled the issued and paid-up share capital of its wholly-owned subsidiary, Industrial Engineering Systems Pte. Ltd. (IES), from S$1 million to S$2 million. This financial move involves the creation of 1 million new shares, funded by a combination of debt capitalization and cash, aimed at strengthening IES’s financial position without materially impacting the group’s earnings or net tangible assets per share for the current financial year.
For further insights into SG:5AL stock, check out TipRanks’ Stock Analysis page.