Insiders are raising stakes in Zixin through 5 year share options of up to 889,000,000 ordinary shares (34% of total shares) at an exercise price of S$0.03 per share. We view the corporate action positively, as the investors are mainly existing shareholders (e.g., CEO) which underscores management’s long-term commitment and confidence in the company’s growth trajectory.
- Read this at SGinvestors.io -
product diversification in processed sweet potato, and
stable contribution from animal feed.
Update on medium to long-term catalysts:
Issuing 889mil share options at an exercise price of S$0.030.
Zixin (SGX:42W) has proposed issuing 889mil share options at an exercise price of S$0.030, representing a potential capital injection of up to S$26.7mil if fully exercised. The options carry a tenure of five years from the date of grant. The exercise price was set close to market, at a 6.3% discount to the last traded Zixin's share price of S$0.032 on 18 September.
- Read this at SGinvestors.io -
The raised proceeds are primarily deployed towards CAPEX funding for the Hainan Rural Revitalisation Project.
Read more at SGinvestors.io.
Above is an excerpt from a report by Phillip Securities Research. Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.
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