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Memiontec Holdings Ltd. ( (SG:TWL) ) has provided an update.
Memiontec Holdings Ltd. announced the results of its Rights cum Warrants Issue, which offered up to 440,514,000 rights shares and 704,822,400 free detachable warrants. The issue was significantly oversubscribed, with valid acceptances and excess applications totaling 206.68% of the available shares and warrants. This successful capital raising is expected to strengthen the company’s financial position and support its growth initiatives, enhancing its industry standing and providing potential benefits for stakeholders.
More about Memiontec Holdings Ltd.
Memiontec Holdings Ltd. is a company incorporated in Singapore, operating in the water management industry. The company focuses on providing integrated water and wastewater management solutions.
Average Trading Volume: 8,310,648
Technical Sentiment Signal: Sell
Current Market Cap: S$22.03M
For an in-depth examination of TWL stock, go to TipRanks’ Stock Analysis page.