GSH Corporation Limited Completes S\$111.87 Million Share Placement to Capitalwise Global Limited

Key Highlights

• GSH Corporation Limited has successfully completed the issuance and allotment of 447,468,880 new ordinary shares to Capitalwise Global Limited.
• The new shares were issued at a price of S\$0.25 per share, raising a total consideration of S\$111,867,220.
• The completion of this placement increases the company’s total outstanding shares from 1,973,142,146 to 2,420,611,026 (excluding treasury shares).
• The new shares are expected to be listed and quoted on the Main Board of the SGX-ST from 26 November 2025.

Details of the Transaction

The Board of Directors of GSH Corporation Limited has announced the completion of the Proposed Subscription, whereby Capitalwise Global Limited subscribed for 447,468,880 new ordinary shares. This substantial placement was made at S\$0.25 per share, resulting in gross proceeds of S\$111,867,220 for the company.

This transaction follows a series of corporate events, including:

• Entry into the subscription agreement with Capitalwise Global Limited.
• Receipt of approval-in-principle from the Singapore Exchange Securities Trading Limited (SGX-ST) for listing and quotation of the new shares.
• Notice and circular for an extraordinary general meeting (EGM) to shareholders.
• Shareholder approval at the EGM.
• Announcement regarding an extension of time for completion of the subscription.

Shareholder Impact and Price Sensitivity

Shareholders should take note of the following important points:

• The issuance of new shares results in a significant dilution of existing shareholdings, as the total share base has increased by approximately 22.7%. This could have an impact on the earnings per share (EPS) and voting power of existing shareholders.
• The successful placement of shares at S\$0.25 each demonstrates investor confidence and provides the company with a substantial capital injection, potentially strengthening its balance sheet and funding future growth or strategic initiatives.
• These new shares rank pari passu with existing shares in terms of rights, except for dividends, rights, allotments, or other distributions with a record date before the issue date.
• The placement to a single strategic investor could have implications for future corporate actions, board composition, or direction of the company, subject to further disclosures.
• The listing of the shares from 26 November 2025 may result in increased trading liquidity and visibility for GSH Corporation Limited.
• The approval-in-principle from SGX-ST is not an endorsement of the merits of the placement, the company, or its subsidiaries.

Investor Considerations

The completion of this major share placement is a potentially price-sensitive event. The significant capital raised and the involvement of a major investor could be interpreted as a vote of confidence in GSH Corporation’s prospects, but the dilution of existing shares and potential changes in shareholder dynamics must also be considered. Investors should monitor future announcements for any strategic developments or changes in company direction stemming from this transaction.

Next Steps

The newly issued shares are expected to commence trading on the SGX-ST on 26 November 2025. Existing and prospective investors are advised to review any subsequent disclosures or updates from the company regarding the use of proceeds and future plans.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, solicitation, or recommendation. Investors should conduct their own due diligence and consult with their financial advisors before making any investment decisions. The author makes no representation or warranty as to the accuracy or completeness of the information provided.

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