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Ellipsiz Ltd Boosts Capital for Subsidiary E Golfing Pte. Ltd.

Story Highlights
  • Ellipsiz Ltd increased the capital of its subsidiary E Golfing Pte. Ltd. to S$300,000.
  • The capital boost supports EGPL’s indoor golf simulator operations without impacting Ellipsiz’s financials.
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Ellipsiz Ltd Boosts Capital for Subsidiary E Golfing Pte. Ltd.

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Ellipsiz Ltd ( (SG:BIX) ) just unveiled an announcement.

Ellipsiz Ltd has announced an increase in the issued and paid-up share capital of its wholly-owned subsidiary, E Golfing Pte. Ltd., from S$1 to S$300,000. This capital increase, funded by Ellipsiz’s internal resources, is intended to support the operations of EGPL’s indoor golf simulator centers. The move is not expected to materially impact Ellipsiz’s consolidated net tangible assets or earnings per share for the financial year ending June 30, 2025.

More about Ellipsiz Ltd

Ellipsiz Ltd is a company incorporated in Singapore, operating in the technology sector with a focus on providing solutions and services related to semiconductor and electronics industries.

YTD Price Performance: 41.54%

Average Trading Volume: 191,409

Technical Sentiment Signal: Sell

Current Market Cap: S$30.67M

See more data about BIX stock on TipRanks’ Stock Analysis page.

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