Koh Brothers Eco Engineering (SGX:5HV) subscribed to an additional 30 million shares in wholly owned subsidiary, Koh Brothers Building and Civil Engineering Contractor, for a total consideration of SG$30.0 million, according to a filing with the Singapore Exchange on Thursday.
The total consideration was satisfied in full by capitalizing SG$30.0 million from part of a loan amount payable by the subsidiary to Koh Brothers Eco Engineering, the filing said.
Following the issue, the company's share capital has increased from SG$65.0 million to SG$95.0 million.
Shares of the group rose 4% in recent trading.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。