Y Ventures Proposes Renounceable Non-Underwritten Rights Issue; Shares Surge 13%

MT Newswires

2024/09/02

Y Ventures (SGX:1F1) proposed to undertake a renounceable non-underwritten rights issue of 246,854,000 new shares in the company's capital at an issue price of SG$0.004 per share, according to a filing with the Singapore Exchange on Monday.

Net proceeds from the issue will be used for general working capital purposes.

Shares of the e-commerce company soared nearly 13% in recent trading.

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