Shanaya Limited (SG:SES) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Shanaya Limited successfully completed its Rights Issue, achieving a full subscription rate of 100% for the 112,813,870 new ordinary shares offered at S$0.0250 each. The Rights Issue, which was on a one-for-one basis for existing shareholders, closed with a total of 86,545,628 shares accepted and an additional 26,268,242 shares applied for in excess. This strong response from shareholders underscores confidence in the Singapore-incorporated company’s prospects.
For further insights into SG:SES stock, check out TipRanks’ Stock Analysis page.