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Oiltek International Limited ( (SG:HQU) ) has issued an update.
Oiltek International Limited, a company incorporated in Singapore, has announced that it has received a listing and quotation notice from the Singapore Exchange Securities Trading Limited for the proposed issuance of up to 286,000,000 bonus shares. This development is contingent upon compliance with SGX-ST’s listing requirements and obtaining shareholders’ approval at an upcoming general meeting. The announcement does not reflect the merits of the proposed bonus issue or the company’s securities, but it signifies a potential increase in the company’s share capital, which could impact shareholder value and market perception.
More about Oiltek International Limited
YTD Price Performance: 26.92%
Average Trading Volume: 198,646
Technical Sentiment Consensus Rating: Sell
For detailed information about HQU stock, go to TipRanks’ Stock Analysis page.
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