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BH Global receives in-principle approval for share consolidation
MAINBOARD-LISTED BH Global on Wednesday received in-principle approval from Singapore Exchange (SGX) to consolidate every four existing ordinary shares into one ordinary share.
This means the marine products firm will be able to comply with the S$0.20 minimum trading price rule, which is a continuing listing requirement of all SGX mainboard-listed securities.
The listing and quotation of up to 120 million consolidated shares have been approved.
This is subject to shareholders' approval at an upcoming extraordinary general meeting.