Biolidics Ltd. (SG:8YY) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Biolidics Limited has successfully completed the issuance and allotment of 946 million new ordinary shares, significantly altering the company’s share capital structure. Major allotments included shares to individuals Mr. Yuan Zhijun, Mr. Wu Kunwei, and Mr. Zhu Hua, as well as the legal firm Icon Law LLC, collectively comprising 55.96% of the enlarged share capital. This strategic move aims to bolster Biolidics’ financial position and support its ongoing business endeavors.
For further insights into SG:8YY stock, check out TipRanks’ Stock Analysis page.