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Choo Chiang Holdings Ltd ( (SG:42E) ) has shared an update.
Choo Chiang Holdings Ltd has obtained approval from Singapore Exchange Securities Trading Limited for the listing and quotation of new ordinary shares that may be issued under its 2025 Performance Share Plan (PSP), a share-based incentive scheme for granting awards in the form of company shares. The approval allows the company to issue new shares under the 2025 PSP and any other share-based incentive schemes up to a cap of 15% of its issued share capital, excluding treasury shares and subsidiary holdings, potentially enhancing its ability to incentivise and retain key employees without immediate cash outlay, though the exchange has stressed that the notice does not indicate any view on the merits of the plan or the company’s securities.
More about Choo Chiang Holdings Ltd
Choo Chiang Holdings Ltd is a Singapore-listed company operating through a group structure, although this announcement does not specify its industry, products or services. The Group is listed on the Singapore Exchange and is subject to SGX-ST’s listing rules and oversight, with SAC Capital Private Limited acting as its sponsor for regulatory compliance matters.
Average Trading Volume: 79,064
Technical Sentiment Signal: Buy
Current Market Cap: S$92.45M
For a thorough assessment of 42E stock, go to TipRanks’ Stock Analysis page.