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Medinex Ltd. ( (SG:OTX) ) has shared an update.
Medinex Ltd., incorporated in Singapore, has announced the issuance of 2,666,667 consideration shares to Lee Lay Lian as part of the acquisition of Carlin Management Services Pte. Ltd. The company has received approval from the Singapore Exchange Securities Trading Limited for the listing of 1,852,667 of these shares on the Catalist board, subject to compliance with listing requirements. This move signifies Medinex’s strategic expansion and fulfillment of acquisition agreements, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (SG:OTX) stock is a Buy with a S$0.50 price target. To see the full list of analyst forecasts on Medinex Ltd. stock, see the SG:OTX Stock Forecast page.
More about Medinex Ltd.
Average Trading Volume: 98,080
Technical Sentiment Signal: Buy
Current Market Cap: S$31.85M
For an in-depth examination of OTX stock, go to TipRanks’ Overview page.