AsiaPhos Limited (SG:5WV) has released an update.
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AsiaPhos Limited has announced a rights issue with strong backing from key figures, including the company’s CEO and Executive Director Dr. Ong Hian Eng (OHE), who, along with connected parties, has committed to a substantial shareholding and support for the rights issue. The commitment is formalized through irrevocable undertakings and deeds of assignment, ensuring OHE’s group retains a significant stake and votes in favor of the rights issue.
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