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ZICO Holdings Inc. ( (SG:40W) ) has provided an announcement.
ZICO Holdings Inc. announced that it has received a listing and quotation notice from the Singapore Exchange Securities Trading Limited for the proposed allotment and issuance of up to 49,261,083 new ordinary shares. This move is part of the company’s strategy to convert a loan agreement into shares, priced at S$0.0406 per share, which could potentially impact its capital structure and market presence. The company will continue to update stakeholders on any significant developments related to this convertible loan agreement.
More about ZICO Holdings Inc.
ZICO Holdings Inc. is a company incorporated in Labuan, Malaysia, with a focus on providing professional services. The company operates through its subsidiaries and associated companies, primarily serving clients in the Southeast Asian region.
YTD Price Performance: -30.0%
Average Trading Volume: 60,394
Technical Sentiment Signal: Buy
Current Market Cap: S$14.34M
For an in-depth examination of 40W stock, go to TipRanks’ Stock Analysis page.