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Huationg Global Ltd. ( (SG:41B) ) has issued an announcement.
Huationg Global Ltd has completed a S$7.08 million share placement comprising 11.8 million new ordinary shares at S$0.60 each, representing an 8.73% discount to the recent volume-weighted average price. The fully subscribed placement drew strong demand from institutional and accredited investors, including several prominent asset managers, signalling solid market confidence in the group’s strategy, execution capabilities and long-term growth prospects, and providing additional capital to support its ongoing business plans and value creation for shareholders.
More about Huationg Global Ltd.
Huationg Global Ltd is a Singapore-based company listed on SGX-Catalist, primarily engaged in providing a full range of civil engineering services and inland logistics support, serving infrastructure and construction-related markets.
Average Trading Volume: 220,158
Technical Sentiment Signal: Buy
Current Market Cap: S$125.8M
For detailed information about 41B stock, go to TipRanks’ Stock Analysis page.