9R (SGX:1Y1) allotted and issued 732,000 shares pursuant to the exercise of warrants at an exercise price of SG$0.04 apiece, according to a Monday filing on the Singapore Exchange.

Shares of the company were down nearly 5% in recent trading.

Following the issue of the new shares, the total number of issued shares in the company has increased to 1,111,540,652 shares.

The shares are expected to be listed and quoted on or around July 23.