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An announcement from Mermaid Maritime Public Co., Ltd. ( (SG:DU4) ) is now available.
Mermaid Maritime Public Company Limited has announced the allotment and issuance of 477,414,333 Rights Shares as part of a non-renounceable, non-underwritten rights issue. This move increases the company’s total issued shares to 1,890,743,190 and the new shares will be listed on the SGX-ST Mainboard starting 9 July 2025. This strategic issuance aims to enhance the company’s capital structure, potentially impacting its market position and providing more liquidity for stakeholders.
More about Mermaid Maritime Public Co., Ltd.
Mermaid Maritime Public Company Limited operates in the maritime industry, focusing on providing subsea and offshore drilling services. The company is based in Bangkok, Thailand, and is known for its operations in the oil and gas sector, offering a range of services that include subsea engineering and inspection, repair, and maintenance.
Average Trading Volume: 2,863,581
Technical Sentiment Signal: Sell
Current Market Cap: S$156.9M
For an in-depth examination of DU4 stock, go to TipRanks’ Overview page.