Mermaid Maritime Public Company Receives Subscription Confirmation from Controlling Shareholder; Shares Surge 6%

MT Newswires

2025/06/09

Mermaid Maritime Public Company (SGX:DU4) received a written confirmation from its controlling shareholder, Thoresen Thai Agencies Public Company, for the subscription of 470,233,149 rights shares, according to a Friday filing with the Singapore Exchange.

The company had already received an in-principle approval for the listing and quotation of the rights shares on March 28.

Shares of the marine infrastructure company were up over 6% in recent trading.

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