Shanaya Limited Rights Issue Fully Subscribed

Shanaya Limited (SG:SES) has released an update.

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.

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