Hong Lai Huat Group (SGX:CTO) secured approval from Singapore's Securities Industry Council to replace its pricing formula with a fixed issue price of SG$0.03 per placement share, according to a Tuesday filing on the Singapore Exchange.
The move follows shareholder feedback seeking price certainty before voting on the proposed placement and whitewash resolution.
The fixed price is subject to an independent adviser's review and shareholder approval if it exceeds a 10% discount to the day's weighted average price.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。