CH Offshore Ltd. Announces Oversubscription of Rights Issue
CH Offshore Ltd. announced the oversubscription of its rights issue by approximately 175.02%, receiving applications for 2,467,429,865 Rights Shares against 1,409,785,028 available. This reflects strong investor confidence and is expected to enhance the company's financial position. CH Offshore Ltd. operates in the offshore oil and gas industry, providing support services with a fleet of vessels.
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CH Offshore Ltd. ( (SG:C13) ) just unveiled an update.
CH Offshore Ltd. announced the results of its renounceable non-underwritten rights issue, which was oversubscribed by approximately 175.02%. The company received valid acceptances and excess applications for a total of 2,467,429,865 Rights Shares, significantly exceeding the 1,409,785,028 Rights Shares available. This successful rights issue indicates strong investor confidence and is likely to positively impact the company’s financial position and operational capabilities.
More about CH Offshore Ltd.
CH Offshore Ltd. is a company incorporated in the Republic of Singapore, operating within the offshore oil and gas industry. The company focuses on providing offshore support services and operates a fleet of vessels to support offshore exploration and production activities.
Average Trading Volume: 12,932,333
Technical Sentiment Signal: Sell
Current Market Cap: S$31.72M
For detailed information about C13 stock, go to TipRanks’ Stock Analysis page.
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