Annica Holdings Limited (SG:5AL) has released an update.
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Annica Holdings Limited has doubled the issued and paid-up share capital of its wholly-owned subsidiary, Industrial Engineering Systems Pte. Ltd. (IES), from S$1 million to S$2 million. This financial move involves the creation of 1 million new shares, funded by a combination of debt capitalization and cash, aimed at strengthening IES’s financial position without materially impacting the group’s earnings or net tangible assets per share for the current financial year.
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