Koh Brothers Commits S$ 15.1 Million to Koh Brothers Eco Engineering Rights Issue
Bitget2026/11/03 15:10- Koh Brothers Group committed on November 3, 2026, to subscribe for 308,925,521 rights shares in Koh Brothers Eco Engineering.
- The subscription will cost approximately S$ 15.1 million at S$ 0.049 per rights share, funded from internal resources.
- The subsidiary's proposed one-for-five rights issue covers up to 563,644,184 new ordinary shares.
- Full subscription would leave the parent's stake substantially unchanged at 54.81%, with its holding rising to 1,853,553,128 shares.
- Net proceeds will fund working capital requirements (80%) and capital expenditure or repayment of bank borrowings (20%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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