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The latest update is out from Sincap Group Ltd. ( (SG:XZB) ).
Sincap Group Limited has announced its proposed acquisition of Skylink APAC Pte. Ltd. and has entered into a placement agreement involving a compliance placement and convertible bond issue. This strategic move aims to raise a total of S$9.2 million through the issuance of new placement shares and unlisted convertible bonds, which will support the company’s expansion and restructuring efforts. The completion of this restructuring marks a significant step in Sincap Group’s growth strategy, pending shareholder approval at the upcoming EGM.
More about Sincap Group Ltd.
Technical Sentiment Signal: Sell
Current Market Cap: S$8.51M
See more insights into XZB stock on TipRanks’ Stock Analysis page.