Salt Investments Receives SGX's Listing, Quotation Notice for 3.2 Billion Shares; Shares Plunge 25%
MT Newswires
Sep 11, 2025
Salt Investments (SGX:FQ7) received a listing and quotation notice from the Singapore Exchange Securities Trading for up to 3.2 billion shares in the company's capital, according to a Thursday filing with the Singapore Exchange.
Out of the 3,157,142,857 shares, up to 2.3 billion shares will be issued at SG$0.0025 each to various new investors and certain existing shareholders and employees in connection with a placement exercise.
Meanwhile, 857.1 million shares will be issued at SG$0.0035 apiece as part of the settlement of consideration payable by the company for a 60% acquisition of TT Oil (Singapore).
Shares of the company plunged over 25% in Thursday trading.
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