Goodland Group Enhances Subsidiary’s Capital

Goodland Group Ltd. (SG:5PC) has released an update.

Goodland Group Limited has bolstered its financial flexibility by injecting S$999,000 into its wholly-owned subsidiary, GLG Capital Pte. Ltd., elevating its issued and paid-up capital to S$1 million. The capital infusion, fully paid in cash, is aimed at enhancing GLGCPL’s working capital without significantly affecting the Group’s net tangible assets or earnings per share for the fiscal year ending September 2024. This strategic move is not directly linked to any of the Directors or controlling shareholders’ personal interests, except as per their professional roles within the company.

For further insights into SG:5PC stock, check out TipRanks’ Stock Analysis page.