Hoe Leong Corporation Ltd. (SG:H20) has released an update.
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Hoe Leong Corporation Ltd. has entered a conditional subscription agreement with eScoopG Pte. Ltd., planning to issue 10 billion new shares at S$0.002 each and 6.8 billion unlisted share options. This move, which is contingent on shareholder approval at an upcoming extraordinary general meeting, could lead to a significant transfer of controlling interest to eScoopG. The company intends to list these new shares and options on the Singapore Exchange Securities Trading Limited.
For further insights into SG:H20 stock, check out TipRanks’ Stock Analysis page.