Charisma Energy Services ( (SG:5QT) ) has provided an update.
Charisma Energy Services Limited has received a Whitewash Waiver from the Securities Industry Council of Singapore. This waiver allows the company to proceed with the issuance of Subscription Shares without requiring the Subscriber to make a mandatory general offer for the remaining shares. The waiver is contingent upon certain conditions, including approval from a majority of voting shareholders and abstention from voting by the Subscriber and related parties. This development is significant for Charisma Energy Services as it facilitates the company’s financial and strategic plans without triggering a takeover bid, potentially impacting its market positioning and shareholder dynamics.
More about Charisma Energy Services
Charisma Energy Services Limited is a company incorporated in the Republic of Singapore, operating in the energy services industry. It focuses on providing energy solutions and services, likely involving renewable energy or energy management, given the context of its operations and market focus.
Technical Sentiment Signal: Sell
Current Market Cap: S$26.33M
See more data about 5QT stock on TipRanks’ Stock Analysis page.