Huationg Global (SGX:41B) increased its share capital in wholly-owned subsidiary, Soil Engineering, to SG$300,000 through a bonus issue of shares worth SG$100,000, according to a filing with the Singapore Exchange on Friday.
The increased share capital is a requirement for the subsidiary to be registered for Building and Construction Authority ("BCA") Construction Workhead CW02 - Civil Engineering, Grade C1.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.