Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Attika Group Ltd. ( (SG:53W) ) has issued an update.
Attika Group Ltd.’s majority shareholder, Managing Director and Executive Chairman Steven Tan, has sold 15.6 million existing shares in the company at S$0.35 each, raising S$5.46 million from a group of institutional and high net-worth investors that includes Areca Capital, Asdew Acquisitions, ICH Synergrowth Fund and Lion Global Investors (on behalf of its clients). The transaction is positioned as a strategic move to broaden Attika’s shareholder base and improve trading liquidity in its stock, while Tan maintains a significant controlling stake, reinforcing confidence in the company’s ongoing direction and capital structure optimisation efforts.
The most recent analyst rating on (SG:53W) stock is a Hold with a S$0.48 price target. To see the full list of analyst forecasts on Attika Group Ltd. stock, see the SG:53W Stock Forecast page.
More about Attika Group Ltd.
Attika Group Ltd. is a Singapore-incorporated commercial interior decoration and Mechanical, Electrical and Plumbing (MEP) engineering company, providing fit-out and engineering solutions to corporate and commercial clients. The group focuses on delivering integrated interior and building services and is listed on the Singapore Exchange, giving it access to regional capital markets and institutional investors.
Average Trading Volume: 51,432
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$56.44M
For a thorough assessment of 53W stock, go to TipRanks’ Stock Analysis page.