GS Holdings Ltd. (Singapore) (SG:43A) has released an update.
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GS Holdings Ltd. has completed its rights issue, offering two new shares for every one held, at a price of S$0.015 per share, with an oversubscription rate of 131%. The rights issue aimed to issue up to 570,888,708 new shares, but received valid acceptances and applications totaling 747,319,082 shares. This strong interest from shareholders surpassed the available shares by nearly one-third, indicating robust investor confidence in the company.
For further insights into SG:43A stock, check out TipRanks’ Stock Analysis page.
