ValueMax Group (SGX:T6I) issued and allotted 230,000 shares upon the exercise of the same number of warrants at SG$0.36 each on Friday, according to a same-day filing with the Singapore Exchange.
The company's shares were up nearly 4% in recent Monday trade.
The new shares are expected to be listed and quoted on Sept. 14, the filing said. Following the issue, the total number of shares in the company has increased to 936,640,139 shares.
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