HG Metal Manufacturing Limited (SG:BTG) has released an update.
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HG Metal Manufacturing Limited has received approval in-principle from the Singapore Exchange for a proposed rights issue, allowing the company to issue up to 74,254,237 new ordinary shares. This move aims to enhance the company’s financial flexibility and strengthen its capital base. The rights issue is priced at S$0.266 per share, offering existing shareholders the opportunity to invest further in the company.
For further insights into SG:BTG stock, check out TipRanks’ Stock Analysis page.