Miyoshi Limited (SG:M03) has released an update.
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Miyoshi Limited has successfully completed a rights issue, with an oversubscription rate of 108.4%, receiving valid acceptances and excess applications for a total of 538,907,837 new shares. This move has notably altered the shareholding structure, increasing the Undertaking Shareholder and the SF Associates’ combined stake from 25.1% to 28.8% of the company’s capital. The rights issue underscores the confidence investors have in Miyoshi Limited’s growth prospects.
For further insights into SG:M03 stock, check out TipRanks’ Stock Analysis page.
