Hor Kew Raises Stake in Subsidiary With SG$6.5 Million Capital Injection

Trading View
2025.03.30 23:09
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Hor Kew has subscribed for 6.5 million new ordinary shares in its wholly owned subsidiary, Hor Kew Private Ltd., at SG$1 per share, according to a Friday filing on the Singapore Exchange. The SG$6.5 million investment was offset against an equivalent amount owed by the subsidiary to the parent company. Following the transaction, Hor Kew Private's issued and paid-up share capital increased to SG$24 million from SG$17.5 million.

Hor Kew has subscribed for 6.5 million new ordinary shares in its wholly owned subsidiary, Hor Kew Private Ltd., at SG$1 per share, according to a Friday filing on the Singapore Exchange.

The SG$6.5 million investment was offset against an equivalent amount owed by the subsidiary to the parent company.

Following the transaction, Hor Kew Private's issued and paid-up share capital increased to SG$24 million from SG$17.5 million.

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