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Sinostar PEC Holdings Limited ( (SG:C9Q) ) has provided an announcement.
Sinostar PEC Holdings Limited has announced the dispatch of notification letters and forms related to its upcoming rights issue, which offers up to 320,000,000 new ordinary shares at an issue price of S$0.14 per share. This initiative, allowing shareholders to purchase additional shares, aims to strengthen the company’s capital base and support its growth strategy, with implications for enhanced financial stability and potential market expansion.
More about Sinostar PEC Holdings Limited
Sinostar PEC Holdings Limited is a Singapore-incorporated company engaged in the chemical industry, primarily focusing on the production and distribution of petrochemical products. The company serves markets that demand high-quality chemical solutions, leveraging its strategic positioning and expertise in the sector.
Average Trading Volume: 141,411
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$83.2M
Find detailed analytics on C9Q stock on TipRanks’ Stock Analysis page.