King Wan Corporation has received approval in-principle from the SGX-ST for the listing and quotation of 70 million new ordinary shares on the mainboard of the exchange.
The company on Dec 17, 2025, proposed the placement of 70 million new ordinary shares in the company for 5 cents per share. This will amount to an aggregate of $3.5 million.
The full approval is subject to the following conditions, such as several submissions of a written undertaking from the company to indicate compliance with rules from the SGX-ST listing manual.
Shares in King Wan closed 0.4 cents higher or 6.897% up at 6.2 cents on Jan 7.
