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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