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Samudera Shipping Line Ltd ( (SG:S56) ) has shared an announcement.
Samudera Shipping Line Ltd has strengthened the capital base of its wholly owned subsidiary Samudera Property Limited by converting AED3.99 million (approximately US$1.10 million) of an intercompany loan into equity through a subscription for 39,990 new ordinary shares. This move, which raises SPL’s paid-up capital from AED10,000 to AED4,000,000 without changing Samudera’s 100% ownership, is aimed at improving SPL’s gearing and financial position but is not expected to have a material effect on the group’s earnings or net tangible assets for the financial year ended 31 December 2025, and involves no special interests from directors or major shareholders beyond their existing stakes.
The most recent analyst rating on (SG:S56) stock is a Hold with a S$1.00 price target. To see the full list of analyst forecasts on Samudera Shipping Line Ltd stock, see the SG:S56 Stock Forecast page.
More about Samudera Shipping Line Ltd
Samudera Shipping Line Ltd, incorporated in Singapore, operates in the shipping and logistics industry, providing liner shipping and related logistics services across regional trade routes. The group also holds property assets, including office units in Dubai acquired to support its logistics operations, via its wholly owned subsidiary Samudera Property Limited.
Average Trading Volume: 803,656
Technical Sentiment Signal: Buy
Current Market Cap: S$624.1M
For detailed information about S56 stock, go to TipRanks’ Stock Analysis page.