Maxi-Cash Financial Services Corp. Ltd. (SG:5UF) has released an update.
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Aspial Lifestyle Limited has announced a rights issue of 311,843,500 new shares at S$0.12 each, available on a 1-for-5 basis for current shareholders, with the exclusion of foreign shareholders due to regulatory reasons. The necessary documentation, including the Offer Information Statement, has been made available online, and shareholders can contact CDP or B.A.C.S. Private Limited for assistance if they do not receive the notification letter. This move aims to expand shareholder value but also indicates that further announcements regarding the rights issue are forthcoming.
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