GSH Corporation announced on Nov, 25 2025 that it will not proceed with its planned renounceable, non-underwritten rights issue of up to 85.78 million Singapore dollars in 5.30% convertible bonds.

The company said the cancelled fund-raising exercise was originally intended, alongside part of the 111.87 million Singapore dollars raised through a private placement to Capitalwise Global Limited, to repay its 2024 convertible bonds.

According to the statement, those 2024 bonds have now been either repaid or offset against 75.77 million Singapore dollars of short-term shareholder loans from Dr. Sam Goi Seng Hui, eliminating the need for the rights offering.

GSH Corporation advised shareholders and potential investors to exercise caution when trading its shares.