ST Group Food Industries Completes Share Placement

ST Group Food Industries Holdings Limited (SG:DRX) has released an update.

ST Group Food Industries Holdings Limited has successfully completed its proposed placement, issuing 9,382,641 new ordinary shares and increasing its total issued share capital by approximately 3.68%. These new shares will be on par with existing shares, excluding certain distributions prior to the issue date, and are expected to commence trading on the Catalist on or around April 2, 2024. This strategic move aims to expand the company’s share base and attract new investors.

For further insights into SG:DRX stock, check out TipRanks’ Stock Analysis page.