Mermaid Maritime Public Co., Ltd. ( (SG:DU4) ) has provided an update.
Mermaid Maritime Public Company Limited has received in-principle approval from the SGX-ST for its proposed non-renounceable, non-underwritten rights issue. This approval is contingent upon compliance with listing requirements, shareholder approval, and specific undertakings regarding the use of proceeds. The rights issue is a strategic move to bolster the company’s financial standing and operational capabilities, potentially enhancing its market position and offering significant implications for its stakeholders.
More about Mermaid Maritime Public Co., Ltd.
Mermaid Maritime Public Company Limited operates in the maritime industry, providing subsea and offshore drilling services. The company focuses on delivering integrated services to the oil and gas sector, with a market presence primarily in Southeast Asia.
YTD Price Performance: -11.54%
Average Trading Volume: 5,077,689
Technical Sentiment Signal: Hold
Current Market Cap: S$162.5M
Learn more about DU4 stock on TipRanks’ Stock Analysis page.