ProsperCap Controlling Share Charge Lifted After DTGO Repays THB 6 Billion Facility

The latest announcement is out from ProsperCap Corporation ( (SG:PPC) ).

ProsperCap Corporation Limited has announced that a share charge over 1.34 billion of its shares, representing about 83.74% of its issued share capital and previously pledged by controlling shareholder DTGO’s subsidiary DTP Inter Holdings Corporation Pte. Ltd. to Bangkok Bank, has been fully released following DTGO’s repayment of all indebtedness under a THB 6 billion promissory note sales facility. The discharge of this major share charge removes a significant encumbrance over the controlling stake, potentially reducing overhang risk for minority shareholders and clarifying the company’s shareholding structure, while also reflecting DTGO’s compliance with its undertaking to promptly notify ProsperCap of any share pledging arrangements under Catalist Rule 728.

More about ProsperCap Corporation

ProsperCap Corporation Limited, formerly known as 3Cnergy Limited, is a Singapore-incorporated company listed on the Catalist board of the Singapore Exchange, operating through a group structure with controlling shareholder DTGO Corporation Limited holding an aggregate stake of about 84.85%. The company’s free float is relatively small, with approximately 83.74% of its total issued capital held by DTGO’s indirect wholly owned subsidiary DTP Inter Holdings Corporation Pte. Ltd., underscoring a concentrated ownership profile that can influence its capital and financing arrangements.

Average Trading Volume: 5,600

Technical Sentiment Signal: Sell

Current Market Cap: S$96.36M

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