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Grand Venture Technology Limited ( (SG:JLB) ) has shared an update.
Grand Venture Technology Limited announced plans to enlarge its pool of shares through a placement of new shares in conjunction with a proposed secondary listing on the Main Market of Bursa Securities. This move is expected to positively impact current shareholders by broadening the company’s investor base, increasing share liquidity, and providing additional platforms for future fundraising. The raised capital will support the company’s business expansion, particularly in the semiconductor segment.
The most recent analyst rating on (SG:JLB) stock is a Buy with a S$0.58 price target. To see the full list of analyst forecasts on Grand Venture Technology Limited stock, see the SG:JLB Stock Forecast page.
More about Grand Venture Technology Limited
Grand Venture Technology Limited, incorporated in Singapore, operates in the semiconductor industry, focusing on providing advanced technology solutions. The company is involved in the front-end semiconductor segment and is working towards expanding its market reach.
Average Trading Volume: 464,005
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$261.3M
For detailed information about JLB stock, go to TipRanks’ Stock Analysis page.
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