Goodland Group (SGX:5PC) increased the issued and paid up capital of its wholly owned subsidiary, GLG Capital from SG$1,000 to SG$1.0 million, according to a filing with the Singapore Exchange on Wednesday.
The increase is due to the allotment of 999,000 shares at SG$1.0 each for a total consideration of SG$999,000.
The move is intended to provide the subsidiary with additional working capital.
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