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GDS Global Ltd. ( (SG:5VP) ) just unveiled an update.
GDS Global Ltd. has entered into a placement agreement with SAC Capital Private Limited to issue up to 60 million new ordinary shares at S$0.068 per share, potentially raising S$4.08 million. This move represents a significant expansion of the company’s share capital, increasing it by approximately 26.12% and aims to strengthen its financial position without issuing a prospectus, targeting institutional and accredited investors under Singapore’s exempt offering regulations.
More about GDS Global Ltd.
Average Trading Volume: 262,547
Technical Sentiment Signal: Buy
Current Market Cap: S$17.21M
For a thorough assessment of 5VP stock, go to TipRanks’ Stock Analysis page.