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An announcement from H2G Green Limited ( (SG:5AI) ) is now available.
H2G Green Limited has announced a re-allocation of S$302,122 from its net Subscription Proceeds, initially intended for general working capital, to increase the share capital of its Malaysian subsidiary, H2G Green Sdn. Bhd. This strategic move supports the company’s business expansion in Malaysia, with the issuance of 997,000 new ordinary shares. The increase in share capital is not expected to materially impact the company’s net tangible assets or earnings per share for the financial year ending March 31, 2026. This decision aligns with the company’s long-term growth objectives and is deemed beneficial for shareholders.
More about H2G Green Limited
H2G Green Limited is a company incorporated in Singapore, operating with subsidiaries that focus on business expansion initiatives, particularly in Malaysia.
Technical Sentiment Signal: Sell
Current Market Cap: S$8.73M
See more insights into 5AI stock on TipRanks’ Stock Analysis page.