Matex International Limited (SG:M15) has released an update.
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Matex International Limited has received approval from the Singapore Exchange for the listing of 154 million new shares at S$0.027 each, pending shareholder approval. These shares are part of a subscription agreement with Nanyang Commercial Management, and must be placed within seven market days following the shareholder meeting. Investors are advised to exercise caution as there is no guarantee that the placement will proceed as planned.
For further insights into SG:M15 stock, check out TipRanks’ Stock Analysis page.