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GDS Global Ltd. ( (SG:5VP) ) has issued an update.
GDS Global Ltd. announced that it has received approval-in-principle from the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing and quotation of up to 54,838,704 new ordinary shares. These shares are to be issued upon the conversion of S$3,400,000 worth of unlisted and non-transferable convertible bonds, with a conversion price set at S$0.062 per share. The approval signifies a step forward in the company’s efforts to secure capital and expand its shareholder base, though stakeholders are advised to remain cautious as there is no guarantee that the bond issue will be completed under the current terms.
More about GDS Global Ltd.
YTD Price Performance: -13.33%
Average Trading Volume: 147,133
Technical Sentiment Consensus Rating: Hold
Current Market Cap: S$11.65M
For an in-depth examination of 5VP stock, go to TipRanks’ Stock Analysis page.