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Mermaid Maritime Public Co., Ltd. ( (SG:DU4) ) just unveiled an announcement.
Mermaid Maritime Public Company Limited announced that its controlling shareholder, Thoresen Thai Agencies Public Company Limited (TTA), has confirmed its intention to subscribe to its pro rata entitlement of 470,233,149 Rights Shares in the proposed non-renounceable non-underwritten rights issue. This confirmation from TTA, which is firm and unconditional, is a significant step in the rights issue process, ensuring financial backing and stability for the company as it seeks to strengthen its capital base and enhance its market position.
More about Mermaid Maritime Public Co., Ltd.
Mermaid Maritime Public Company Limited is a company operating in the maritime industry, providing subsea and offshore drilling services. The company primarily focuses on servicing the oil and gas sector with operations spanning across Southeast Asia and the Middle East.
Average Trading Volume: 2,572,426
Technical Sentiment Signal: Sell
Current Market Cap: S$141.3M
For an in-depth examination of DU4 stock, go to TipRanks’ Stock Analysis page.