Y Ventures (SGX:1F1) has received a listing and quotation notice from the Singapore Exchange Securities Trading (SGX-ST) for a proposed renounceable non-underwritten rights issue of up to 246.9 million new ordinary shares, according to a Tuesday filing on the Singapore Exchange.
The company has also obtained confirmation from the Securities and Industry Council that no mandatory offer will be required from undertaking shareholders if their holdings exceed 30% following the rights issue.
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