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BH Global Corporation Advances Spin-Off Plans for Maritime Subsidiary

Story Highlights
  • BH Global operates in maritime electrification, offering engineering and power solutions.
  • BH Global updates on spin-off plans for Sea Forrest International Ltd to enhance market position.
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BH Global Corporation Advances Spin-Off Plans for Maritime Subsidiary

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BH Global Corporation Limited ( (SG:BQN) ) has issued an announcement.

BH Global Corporation Limited has announced an update on the potential spin-off listing of its subsidiary, Sea Forrest International Ltd (SFI). SFI has submitted a public filing for the spin-off, which involves restructuring to list with SFTS as its wholly-owned subsidiary. This move is expected to enhance the company’s focus on maritime electrification, potentially strengthening its market position and offering new opportunities for stakeholders.

More about BH Global Corporation Limited

BH Global Corporation Limited operates in the maritime electrification industry, offering engineering and power solutions. Their services include on-site repair, maintenance, retrofitting, and the provision of sustainable equipment for marine vessels, as well as coastal electrification and hybridization solutions.

YTD Price Performance: -5.83%

Average Trading Volume: 13,711

Technical Sentiment Signal: Buy

Current Market Cap: S$33.9M

See more insights into BQN stock on TipRanks’ Stock Analysis page.

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