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The latest update is out from Memiontec Holdings Ltd. ( (SG:TWL) ).
Memiontec Holdings Ltd., a company incorporated in Singapore, has announced the execution of a deed poll and a warrant agency agreement as part of its renounceable non-underwritten rights cum warrants issue. This initiative involves issuing up to 440,514,000 rights shares and 704,822,400 free detachable warrants, allowing shareholders to subscribe for new ordinary shares. The move, approved by shareholders in a recent extraordinary general meeting, aims to strengthen the company’s capital structure and potentially enhance its market position.
More about Memiontec Holdings Ltd.
YTD Price Performance: 70.0%
Average Trading Volume: 344,096
Technical Sentiment Signal: Sell
Current Market Cap: €15.47M
For a thorough assessment of TWL stock, go to TipRanks’ Stock Analysis page.