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The latest update is out from Southern Alliance Mining Ltd. ( (SG:QNS) ).
Southern Alliance Mining Ltd. has announced the proposed issuance of 147,982,380 new ordinary shares as part of its acquisition of a 40% stake in MCRE Resources Sdn. Bhd. The Singapore Exchange Securities Trading Limited has granted a listing and quotation notice for these shares, which will be listed on the Catalist board, subject to compliance with listing requirements. This move is part of the company’s strategic efforts to enhance its market position and expand its asset base, although the Singapore Exchange has noted potential implications for future acquisitions.
More about Southern Alliance Mining Ltd.
Southern Alliance Mining Ltd. is a company incorporated in the Republic of Singapore, operating in the mining industry. The company focuses on the acquisition and development of mineral resources, with a particular emphasis on expanding its market presence through strategic acquisitions.
Average Trading Volume: 20,286
Technical Sentiment Signal: Sell
Current Market Cap: S$217.6M
For a thorough assessment of QNS stock, go to TipRanks’ Stock Analysis page.