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SHL Telemedicine Increases Share Capital for Future Growth

Story Highlights
  • SHL Telemedicine’s shareholders approved a significant increase in authorized share capital.
  • The decision supports potential growth, with unissued shares controlled by the Board.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SHL Telemedicine Increases Share Capital for Future Growth

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Shl Telemedicine ( (CH:SHLTN) ) just unveiled an announcement.

SHL Telemedicine announced that its shareholders have approved an increase in the company’s authorized share capital from NIS 250,000 to NIS 1,000,000, allowing for future capital raising through a rights offering. This decision, which does not affect the current number of issued shares, positions SHL for potential growth and expansion, as the unissued shares remain under the control of the Board of Directors.

More about Shl Telemedicine

SHL Telemedicine is a company that develops and markets personal telemedicine systems and provides medical call center services, focusing on cardiovascular and related diseases. They offer services and devices to subscribers using telephonic and Internet communication technology and are listed on the SIX Swiss Exchange.

Average Trading Volume: 6,435

Current Market Cap: CHF19.76M

Find detailed analytics on SHLTN stock on TipRanks’ Stock Analysis page.

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