GSH Corp. Fully Utilizes Net Proceeds Raised from Rights Issue

MT Newswires

2024/10/16

GSH Corp. (SGX:BDX) fully utilized SG$83.5 million in net proceeds the company raised from its rights issue, according to a filing with the Singapore Exchange on Tuesday.

Of the total, SG$75.8 million was used for the redemption of 2021 convertible bonds while SG$7.6 million was used for the repayment of existing revolving loans.

Shares of the property development company were up nearly 2% in recent trading.

Price (SGD): S$0.15, Change: S$+0.0030, Percent Change: +1.99%

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Fully Utilizes Net Proceeds Raised from Rights Issue\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2024-10-16 13:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> GSH Corp. (SGX:BDX) fully utilized SG$83.5 million in net proceeds the company raised from its rights issue, according to a filing with the Singapore Exchange on Tuesday.</p><p>Of the total, SG$75.8 million was used for the redemption of 2021 convertible bonds while SG$7.6 million was used for the repayment of existing revolving loans.</p><p>Shares of the property development company were up nearly 2% in recent trading.</p><p>Price (SGD): S$0.15, Change: S$+0.0030, Percent Change: +1.99%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BDX.SI","symbol_name":"群策环球控股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2475601761","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475601761","pubTimestamp":1729056460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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