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The latest update is out from Hiap Hoe Ltd. ( (SG:5JK) ).
Hiap Hoe Ltd. has announced the cancellation of 3,999,850 treasury shares, which were previously held as excess and unutilized. This move is aimed at enhancing shareholder value by reducing the number of issued ordinary shares, effectively increasing the value of remaining shares. The cancellation represents 0.843% of the total issued ordinary shares before the cancellation and brings the treasury shares to zero, indicating a strategic decision to optimize capital structure.
More about Hiap Hoe Ltd.
Average Trading Volume: 54,436
Technical Sentiment Signal: Sell
Current Market Cap: S$235.3M
For detailed information about 5JK stock, go to TipRanks’ Stock Analysis page.