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Plato Capital Announces Voluntary Delisting and Capital Reduction Plans

Story Highlights
  • Plato Capital Limited plans a voluntary delisting under Catalist Rules 1307 and 1308.
  • The company proposes a selective capital reduction, offering S$3.05 in cash per share to eligible shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Plato Capital Announces Voluntary Delisting and Capital Reduction Plans

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Plato Capital Limited ( (SG:YYN) ) has provided an announcement.

Plato Capital Limited announced its intention to proceed with a voluntary delisting, following Catalist Rules 1307 and 1308, coupled with a selective capital reduction plan. This move includes canceling shareholder shares with eligible shareholders receiving S$3.05 in cash per share. The delisting marks a strategic shift for the company and could carry significant implications for stakeholders, particularly those participating in its share option scheme.

More about Plato Capital Limited

Plato Capital Limited, incorporated in Singapore, is a company offering its shareholders share options through the Plato Employee Share Option Scheme 2016.

Average Trading Volume: 1,155

Technical Sentiment Signal: Buy

Current Market Cap: S$35.32M

See more insights into YYN stock on TipRanks’ Stock Analysis page.

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