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An update from Nam Cheong Limited ( (SG:1MZ) ) is now available.
Nam Cheong Limited has transferred 1,143,564 shares previously held by one of its subsidiaries to the company’s treasury share account, as part of an initiative to enhance efficiency and streamline future administration. Following the transfer, subsidiary holdings were reduced to zero while treasury shares rose from 66,785 to 1,210,349, leaving the total number of outstanding shares unchanged at 398,137,130 and marginally increasing the proportion of treasury shares relative to the company’s share capital.
The most recent analyst rating on (SG:1MZ) stock is a Buy with a S$1.60 price target. To see the full list of analyst forecasts on Nam Cheong Limited stock, see the SG:1MZ Stock Forecast page.
More about Nam Cheong Limited
Nam Cheong Limited is a Bermuda-incorporated company listed on the Singapore Exchange, operating through a group structure in which its subsidiaries may hold shares of the parent company as part of its capital management strategy.
Average Trading Volume: 4,160,132
Technical Sentiment Signal: Hold
Current Market Cap: S$467.3M
Find detailed analytics on 1MZ stock on TipRanks’ Stock Analysis page.