MegaChem Ltd. (SG:5DS) has released an update.
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MegaChem Limited has strengthened its market position by increasing its stake in Megachem (UK) Limited from 85% to 97%, through the purchase of 12,000 shares for S$393,415 from a minority shareholder. The transaction, funded by internal resources, is expected to have no significant impact on the company’s earnings or net tangible assets per share for the current financial year. This strategic move was made without an independent valuation and falls below the threshold that requires public disclosure under the Catalist Rules.
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