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Mermaid Maritime Announces Rights Issue to Strengthen Financial Position

Story Highlights
  • Mermaid Maritime operates in the maritime industry, offering subsea and offshore services.
  • The company announced a rights issue to enhance its financial position and shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mermaid Maritime Announces Rights Issue to Strengthen Financial Position

Confident Investing Starts Here:

Mermaid Maritime Public Co., Ltd. ( (SG:DU4) ) has shared an announcement.

Mermaid Maritime Public Company Limited has announced the dispatch of a notification letter and rights issue forms to its entitled shareholders. This move is part of a non-renounceable, non-underwritten rights issue, allowing shareholders to apply for rights shares and excess rights shares. The initiative is aimed at strengthening the company’s financial position and enhancing shareholder value.

More about Mermaid Maritime Public Co., Ltd.

Mermaid Maritime Public Company Limited operates in the maritime industry, focusing on providing subsea and offshore services. The company is based in Bangkok, Thailand, and serves various stakeholders in the maritime sector.

Average Trading Volume: 2,820,742

Technical Sentiment Signal: Buy

Current Market Cap: S$165.4M

See more insights into DU4 stock on TipRanks’ Stock Analysis page.

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