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Jubilee Industries Holdings Ltd - company update(Image)

Jubilee Industries Holdings Ltd - company update

To grow capacity by five-fold with surprise rights issue

We reiterate that the turnaround of Jubilee remains intact and that the proposed rights issue is an overall positive as it will allow the company to fund future growth with the option for shareholders to participate. On the other hand, non-participating shareholders will not be subjected to heavy losses as the issue price is set at S$0.045 against the current close of S$0.048.

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