Katrina Group (SGX:1A4) has increased its issued share capital following the allotment and issuance of 173,000 new ordinary shares, according to a Monday filing on the Singapore Exchange.

The shares were issued after the exercise of 173,000 warrants at SG$0.02 each, bringing the total number of issued shares to 238.9 million.

The new shares will rank pari passu with existing shares, excluding dividends or other distributions before the allotment date.