Y Ventures Group Ltd. (SG:1F1) has released an update.
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Y Ventures Group Ltd. has seen an overwhelming response to its renounceable non-underwritten rights issue, with subscription levels reaching approximately 252.93%, far exceeding the initial offering of 246,854,000 new ordinary shares. Shareholders exhibited strong support, with full allocations to those with valid acceptances and excess shares being distributed to satisfy additional demand. The company’s board expressed gratitude for the shareholders’ robust participation in the rights issue.
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