Resources Global Development Limited (SG:V7R) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Resources Global Development Limited has successfully issued 50,000,000 new ordinary shares, amassing net proceeds of approximately S$9.8 million. These funds have been fully allocated towards the acquisition of shares in Batubara Development Pte Ltd, a move previously outlined in company announcements and shareholder communications. This strategic acquisition is aimed at expanding the company’s portfolio and represents a significant development in its growth strategy.
For further insights into SG:V7R stock, check out TipRanks’ Stock Analysis page.
