Mary Chia Holdings Limited Receives SGX Approval for New Share Issuance – Key Details for Investors
Mary Chia Holdings Limited has announced a significant development regarding its capital structure. The company has received a Listing and Quotation Notice (LQN) from the Singapore Exchange Securities Trading Limited (SGX-ST) for the proposed subscription and issuance of 5,714,285 new ordinary shares at a subscription price of S\$0.035 per share.
Key Points from the Announcement
- New Share Issuance: The company will issue 5,714,285 new ordinary shares, which will be listed on the Catalist board of SGX-ST.
- Subscription Price: The shares will be issued at S\$0.035 per share, which may have implications for dilution and valuation.
- SGX Approval: The LQN is subject to the company’s compliance with all SGX-ST listing requirements. The shares must be issued within seven (7) market days from the date of the LQN (26 February 2026).
- Completion Uncertainty: The announcement cautions that there is no certainty the Proposed Subscription will be completed, despite the receipt of the LQN.
- Further Announcements: The company will issue updates upon the actual allotment and issuance of the Subscription Shares.
- Trading Caution: Investors are advised to exercise caution when dealing in the company’s shares, given that completion of the subscription is not guaranteed.
Shareholder Considerations & Price Sensitivity
- Potential Dilution: The issuance of new shares will dilute existing shareholders’ interests, unless they participate in the subscription.
- Subscription Price Impact: The subscription price of S\$0.035 per share could affect the company’s share price, especially if it is below the current market price, potentially leading to downward pressure on the stock.
- Completion Risk: The uncertainty around completion is a material factor; if the subscription is not completed, any anticipated benefits (such as increased capital for growth) may not materialize.
- SGX-ST Approval: While the LQN has been received, it does not constitute an endorsement of the merits of the subscription, the company, its subsidiaries, or its securities. Investors should not interpret it as such.
Next Steps & Investor Advice
- The company will make further announcements regarding the actual issuance and allotment of the new shares.
- Investors and shareholders are strongly advised to monitor company disclosures closely and consult with professional advisors if uncertain about any actions to take.
Contact Information
For further inquiries, the sponsor for Mary Chia Holdings Limited is Evolve Capital Advisory Private Limited. The contact person is Mr Jerry Chua, reachable at Tel: (65) 6241 6626, 160 Robinson Road, #20-01/02, SBF Center, Singapore 068914.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should exercise caution and consult with their financial advisors before making any investment decisions. The Singapore Exchange assumes no responsibility for the contents of this announcement or article.
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