First Sponsor’s Rights Issue Over-Subscribed

First Sponsor Group Ltd (SG:ADN) has released an update.

First Sponsor Group Limited has successfully completed an over-subscribed rights issue of its Series 3 Convertible Securities, with applications received for about 104.4% of the available securities. The rights issue results reflect strong investor confidence, with substantial commitments from the company’s Undertaking Shareholders. This financial move aims to bolster the company’s capital structure and fund future growth.

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