Overview

GSH Corporation Limited has announced a significant update regarding its proposed issuance and allotment of 447,468,880 new ordinary shares to Capitalwise Global Limited. This transaction, referred to as the “Proposed Subscription,” has the potential to substantially impact the shareholding structure and market value of the company.

Key Points of the Proposed Subscription

• Subscription Agreement: Capitalwise Global Limited has agreed to subscribe for 447,468,880 new shares at an issue price of S\$0.25 per share. The total consideration amounts to S\$111,867,220.
• Regulatory Approval: The Singapore Exchange Securities Trading Limited (SGX-ST) has given approval-in-principle for listing and quotation of the new shares on the Main Board.
• Shareholder Approval: The transaction received shareholder approval at an Extraordinary General Meeting (EGM) on 30 October 2025.
• Extension of Completion Deadline: Originally, the shares were required to be placed out within seven market days from the EGM. However, Capitalwise Global Limited requested an extension to make the necessary payment. The parties signed a third supplemental agreement on 6 November 2025, stipulating payment by 21 November 2025, with allotment and issuance to follow within two business days, or earlier if payment is received sooner.
• SGX-ST Extension: At GSH’s request, SGX-ST has granted an extension for the issuance and allotment of shares, allowing completion to occur as late as 28 November 2025.

Investor Considerations & Potential Price Sensitivity

• Significant Dilution: The issuance of 447,468,880 new shares will materially dilute existing shareholders’ stakes, which could impact the share price and market capitalization.
• Strategic Investment: The sizeable investment by Capitalwise Global Limited may be viewed positively as a vote of confidence in GSH’s prospects, potentially supporting the share price.
• Completion Uncertainty: Investors should note that there is no certainty the subscription will be completed as planned. The company has advised caution, as any failure to complete the transaction could negatively affect market sentiment.
• Inspection of Documents: The Third Supplemental Agreement governing the new completion timeline is available for inspection at the company’s registered office for three months, offering transparency to shareholders.
• Further Announcements: GSH Corporation will provide additional updates as the situation develops, particularly upon completion of the Proposed Subscription or if there are further changes to the timeline or terms.

Important Dates

• EGM Date: 30 October 2025
• Third Supplemental Agreement Signed: 6 November 2025
• Extended Payment Deadline: 21 November 2025
• Final Extension for Completion: 28 November 2025

What Should Shareholders Do?

Given the significance of this transaction, shareholders and potential investors are advised to exercise caution in trading GSH shares until there is clarity on the completion of the Proposed Subscription. The outcome could have a direct impact on the company’s financial position and share price. If you have any doubts about your investment or trading strategies, consult your stockbroker or professional advisor.

Disclaimer

This article is provided for informational purposes only and does not constitute financial advice or a recommendation to buy, hold, or sell securities. Investors should conduct their own due diligence or seek independent advice before making any investment decisions. The completion of the Proposed Subscription is subject to certain conditions and is not guaranteed. Market conditions and company developments may change rapidly.

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