GSS Energy Limited (SG:41F) has released an update.
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GSS Energy Limited has announced a renounceable, non-underwritten rights issue of up to 607 million new ordinary shares, priced at S$0.013 each, offering nine rights shares for every ten existing shares. The offering, aimed at raising capital, will see rights shares listed on the SGX Catalist, although investors are advised to consider the higher risks associated with Catalist-listed firms. The rights issue provides an opportunity for existing shareholders to increase their stake, with key dates for trading, acceptance, and payment set for December 2024.
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