Tricklestar Moves Shareholder Entitlement Record Date for Proposed Rights Issue; Shares Plunge 16%

MT Newswires

01/17

Tricklestar (SGX:CYW) has moved the record date for determining the entitled shareholders who can participate in the company's proposed rights issue to Jan. 24, a filing with the Singapore Exchange said on Thursday.

In an earlier filing, the company proposed to undertake a renounceable non-underwritten rights issue at SG$0.015 per share for up to 67,426,073 rights shares.

The smart energy solutions company is looking to raise about SG$900,000 in net proceeds from the rights issue which would be used for general working capital requirements.

Shares of the company plunged over 16% in recent trading.

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