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The latest update is out from Asia-Pacific Strategic Investments Limited ( (SG:5RA) ).
Asia-Pacific Strategic Investments Limited has announced the cancellation of its proposed non-renounceable rights issue of up to 17.8 billion new ordinary shares. The decision was made after assessing the company’s funding requirements and determining that current cash flows and financing facilities are sufficient to meet immediate needs. The suspension of the company’s shares and the associated uncertainties in market participation also contributed to the decision. The company aims to avoid unnecessary costs and will explore alternative financing options that align better with its business plans.
More about Asia-Pacific Strategic Investments Limited
Asia-Pacific Strategic Investments Limited, incorporated in Singapore, operates in the real estate development industry. The company focuses on strategic investments and development projects across the Asia-Pacific region.
Technical Sentiment Signal: Sell
Current Market Cap: S$17.83M
For detailed information about 5RA stock, go to TipRanks’ Stock Analysis page.