Happiness World Completes 67.2 Million-Share Issuance to Directors
MT Newswires11-06 15:08
Happiness World (SGX:594) has completed the allotment and issuance of 67.2 million new ordinary shares to certain independent directors on Nov. 5 in lieu of cash payment for outstanding directors' fees, according to a filing to the Singapore stock exchange on Thursday.
Following the allotment, the Singapore-based company's issued and paid-up share capital increased to 16.40 billion shares from 16.34 billion.
The new shares are expected to be listed and quoted on the Catalist board of the Singapore Exchange on Nov. 10.
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