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Mermaid Maritime Public Co., Ltd. ( (SG:DU4) ) has shared an announcement.
Mermaid Maritime Public Co., Ltd. has announced a change in its registered capital, which involves both a reduction and an increase. The company reduced its registered capital from 1,416,700,697 baht to 1,413,328,857 baht by canceling unsold shares from its employee stock option plans. Subsequently, it increased the capital to 2,220,945,346 baht through the issuance of additional shares. This move, now registered with the Department of Business Development, Ministry of Commerce, reflects the company’s strategic efforts to optimize its capital structure and potentially enhance shareholder value.
More about Mermaid Maritime Public Co., Ltd.
Mermaid Maritime Public Co., Ltd. operates in the maritime industry, providing subsea and offshore services. The company focuses on delivering integrated solutions to the oil and gas sector, with a strong emphasis on safety and efficiency.
Average Trading Volume: 3,794,284
Technical Sentiment Signal: Sell
Current Market Cap: S$148.4M
For an in-depth examination of DU4 stock, go to TipRanks’ Stock Analysis page.