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An announcement from Sapphire Corporation Limited ( (SG:BRD) ) is now available.
Sapphire Corporation Limited announced an increase in the paid-up capital of its associate company, Ranken Railway Construction Group Co., Ltd., through the capitalization of dividends amounting to RMB 13,003,428. This move results in the full payment of outstanding equity capital in Ranken Railway by Chengdu Kai Qi Rui Business Management Co., Ltd., maintaining their shareholding percentage. The increase in capital is not expected to materially affect the net tangible assets or earnings per share of the Group for the financial year ending December 2024.
More about Sapphire Corporation Limited
Sapphire Corporation Limited, based in Singapore, operates in the construction and infrastructure industry. The company, along with its subsidiaries, focuses on business management and infrastructure development, primarily through its associate company, Ranken Railway Construction Group Co., Ltd.
YTD Price Performance: -2.00%
Average Trading Volume: 1,603,515
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$19.97M
Find detailed analytics on BRD stock on TipRanks’ Stock Analysis page.
