tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Salt Investments Limited Announces Strategic Acquisitions and Fundraising to Strengthen Financial Position

Story Highlights
Salt Investments Limited Announces Strategic Acquisitions and Fundraising to Strengthen Financial Position

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Jasper Investments ( (SG:FQ7) ) just unveiled an update.

Salt Investments Limited, a company in the maritime, marine, and offshore industry sectors, has been on the watch-list due to consecutive pre-tax losses and low market capitalization. The company announced the acquisition of a 60% shareholding in TT Oil (Singapore) Pte. Ltd., which is expected to diversify income and improve revenue. Additionally, a fundraising initiative aims to raise approximately S$5,750,000 to support sustainable growth. These efforts are part of the company’s strategy to strengthen its financial position and meet listing requirements.

More about Jasper Investments

Current Market Cap: S$63.42M

See more data about FQ7 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1