Soilbuild Construction Raises SG$12.6 Million in Warrant Exercise
MT Newswires
Jul 09, 2024
Soilbuild Construction (SGX:S7P) said 172.5 million warrants have been exercised at SG$0.073 per share, generating nearly SG$12.6 million in proceeds, according to a Monday filing on the Singapore Exchange.
The company reminded warrant holders that the rights to subscribe for new shares under the warrants will expire at 5 pm on July 29.
As of Monday, 13.2 million warrants remain outstanding, representing 7.1% of the total issued.
Controlling shareholder and executive chairman Lim Chap Huat, along with executive director Lim Han Ren, have fully exercised their respective warrants, raising about SG$11.4 million.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.