Memiontec Holdings Ltd. Secures Listing Approval for Upcoming Rights Cum Warrants Issue
Key Points: 1, 2
Memiontec Holdings Ltd. has received the listing and quotation notice (LQN) from the Singapore Exchange Securities Trading Limited (SGX-ST) for the upcoming Rights cum Warrants Issue.
The LQN covers the listing and quotation of up to 440,514,000 Rights Shares, up to 704,822,400 Warrants, and up to 704,822,400 New Shares arising from the exercise of the Warrants.
The Rights cum Warrants Issue is subject to shareholders’ approval at the Extraordinary General Meeting (EGM) and compliance with SGX-ST’s listing requirements.
Potential Price-Sensitive Information:
The successful completion of the Rights cum Warrants Issue, subject to shareholders’ approval, could be a significant event that may impact the company’s share price.
The issuance of up to 440,514,000 Rights Shares and 704,822,400 Warrants, if fully subscribed, could result in a significant increase in the company’s share capital and potential future dilution for existing shareholders.
The exercise of the Warrants and the issuance of up to 704,822,400 New Shares could also have a dilutive effect on the company’s share price and shareholding structure.
Conclusion: The receipt of the LQN from the SGX-ST for Memiontec Holdings Ltd.’s upcoming Rights cum Warrants Issue is a significant milestone for the company. The successful completion of this corporate action, subject to shareholders’ approval, could have a substantial impact on the company’s share price and capital structure. Investors should closely monitor the developments surrounding the Rights cum Warrants Issue and consider the potential risks and opportunities it may present.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with financial advisors before making any investment decisions. The author and the publication are not responsible for any investment decisions made based on the information provided.
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