mDR Secures Whitewash Waiver for Major Shareholder in Rights Cum Warrants Issue
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mDR Limited has proposed a renounceable non-underwritten rights cum warrants issue as part of a capital-raising exercise, with strong support from a major shareholder. The Securities Industry Council granted a whitewash waiver allowing the LZ Group to avoid a mandatory general offer, contingent on independent shareholder approval. The latest analyst rating for mDR Limited (SG:Y3D) is a Hold with a price target of S$0.07. The company operates in the technology and telecommunications sector and has a current market cap of S$58.66M.
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