Resources Global Development Limited (SG:V7R) has released an update.
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Resources Global Development Limited has successfully issued 50,000,000 new ordinary shares, amassing net proceeds of approximately S$9.8 million. These funds have been fully allocated towards the acquisition of shares in Batubara Development Pte Ltd, a move previously outlined in company announcements and shareholder communications. This strategic acquisition is aimed at expanding the company’s portfolio and represents a significant development in its growth strategy.
For further insights into SG:V7R stock, check out TipRanks’ Stock Analysis page.
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