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Hong Lai Huat Group Limited ( (SG:CTO) ) has issued an update.
Hong Lai Huat Group Limited has announced a proposed placement of 40,503,000 new ordinary shares, representing about 7.82% of its existing share capital. These shares are to be subscribed by Mr. Dylan Ong, a director of the company, and the issuance is expected to influence the company’s capital structure, potentially impacting its shareholder dynamics and market positioning.
More about Hong Lai Huat Group Limited
Hong Lai Huat Group Limited operates within the real estate and property development industry, focusing primarily on property development and agricultural businesses. The company has a market presence in Singapore and Cambodia, with its primary services including property development, investment, and management.
YTD Price Performance: -4.92%
Average Trading Volume: 313,187
Technical Sentiment Consensus Rating: Hold
Current Market Cap: S$30.03M
For detailed information about CTO stock, go to TipRanks’ Stock Analysis page.
