The latest announcement is out from Koh Brothers Eco Engineering Limited ( (SG:5HV) ).
Oiltek International Limited, a company incorporated in Singapore, has announced a proposed bonus issue of up to 286,000,000 new ordinary shares. This initiative will be on the basis of two bonus shares for every existing share held by shareholders. The move aims to increase the company’s share capital from 143,000,000 to 429,000,000 shares, contingent upon approvals from the Singapore Exchange Securities Trading Limited and shareholders at the upcoming annual general meeting. This bonus issue is expected to enhance the liquidity of the shares and potentially attract more investors, thereby strengthening Oiltek’s market position.
More about Koh Brothers Eco Engineering Limited
YTD Price Performance: -11.36%
Average Trading Volume: 8,983,884
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$109.9M
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