mDR Shareholders Back Major Rights-and-Warrants Issue to Boost Capital Base

The latest announcement is out from mDR Limited ( (SG:Y3D) ).

Shareholders of mDR Limited have approved a substantial renounceable non-underwritten rights-cum-warrants issue at an extraordinary general meeting held in Singapore on 31 March 2026. The meeting, conducted with electronic polling and overseen by independent agents and scrutineers, confirmed strong shareholder support for the fund-raising plan.

The approved exercise allows the company to issue up to 1.45 billion new shares at S$0.045 each, together with up to 1.45 billion free detachable warrants on a five-for-three rights basis and one warrant for every rights share subscribed. The structure, which excludes foreign shareholders without Singapore addresses and permits excess applications, is designed to bolster mDR’s capital base and provide existing investors with leveraged participation in the company’s future equity upside.

Rights shares and ensuing warrant shares will rank pari passu with existing shares, preserving equality among shareholders once issued. The decisive vote in favour of the resolution signals investor backing for mDR’s strategic and financial plans, potentially strengthening its balance sheet and flexibility in a competitive telecommunications and electronics distribution market.

More about mDR Limited

mDR Limited is a Singapore-incorporated company operating in the consumer technology and mobile-related sector, with activities that include distribution, retail and related services for telecommunications and electronic products. The company is listed on the Singapore Exchange and has a broad base of shareholders who participate in capital-raising exercises via rights and warrants issues.

Average Trading Volume: 1,291,837

Technical Sentiment Signal: Sell

Current Market Cap: S$44.65M

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