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Global Testing Corporation Cancels Treasury Shares to Boost Shareholder Value

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An announcement from Global Testing Corporation Limited ( (SG:AYN) ) is now available.

Global Testing Corporation Limited announced the cancellation of 1,324,700 treasury shares on May 2, 2025, aiming to enhance shareholder value by eliminating excess and unutilized shares. This action reduces the percentage of treasury shares from 3.972% to 0% of the total issued ordinary shares, potentially improving the company’s financial metrics and market perception.

More about Global Testing Corporation Limited

Global Testing Corporation Limited is a company incorporated in Singapore, operating in the testing industry. It focuses on providing testing services, likely related to quality assurance or product validation, although specific details about its primary products or services are not provided in the release.

YTD Price Performance: 18.09%

Average Trading Volume: 19,056

Technical Sentiment Signal: Sell

Current Market Cap: S$38.75M

Learn more about AYN stock on TipRanks’ Stock Analysis page.

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