GSH (SGX:BDX) received in-principle approval for the issuance and allotment of 447,468,880 shares, according to a filing with the Singapore Exchange on Monday.
Shares of the company were up over 2% in recent trading.
Following the approval, the shares are required to be placed out within seven days from the date of the extraordinary general meeting of the company.
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.