of every one existing share into three shares, on a record date to be determined by the board later. UG Healthcare shares rose S$0.05 or 2.24 per cent to S$2.28 on Monday before the announcement.The Catalist-listed firm is proposing to issue new shares to its landlord as payment for an upcoming rental of S$3.5 million, in a bid to preserve cash during the pandemic. Shares of Hatten Land closed down 0.7 Singapore cent or 11.5 per cent to 5.
4 cents on Monday.The company on Tuesday said it has again received a notice of requisition from shareholders, this time including Indian businessman Shantanu Prakash, alongside tycoon Oei Hong Leong, who has unsuccessfully called for extraordinary general meetings several times. Shares of Raffles Education advanced 0.1 Singapore cent or 0.9 per cent to finish Monday at 11 cents.For daily updates on weekdays and specially selected content for the weekend.
Source: News Formal (newsformal.com)
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