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An update from Mermaid Maritime Public Co., Ltd. ( (SG:DU4) ) is now available.
Mermaid Maritime Public Company Limited announced the completion of its Rights Issue, raising approximately S$56.091 million after expenses. The funds have been fully utilized for the company’s general corporate and working capital requirements, indicating a strategic move to strengthen its financial position and support ongoing operations.
More about Mermaid Maritime Public Co., Ltd.
Mermaid Maritime Public Company Limited operates in the maritime industry, providing subsea and offshore services. The company focuses on offering a range of services including subsea engineering, inspection, repair, and maintenance, catering primarily to the oil and gas sector.
Average Trading Volume: 2,213,032
Technical Sentiment Signal: Hold
Current Market Cap: S$238.2M
Learn more about DU4 stock on TipRanks’ Stock Analysis page.