Kingsmen Creatives Increases Share Capital in Subsidiary by S$1 Million
Link: https://links.sgx.com/1.0.0/corporate-announcements/N6ZHKP5DCTXU7ZH8/12f0ac0d510b7d50a592c134b142e9b86dec2ee9061991e3193bd092c10cb096
Summary:
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The Board of Kingsmen Creatives Ltd has approved an additional investment of S$1,000,000 into its wholly-owned subsidiary, Kingsmen Projects Pte Ltd, increasing Kingsmen Projects’ issued and paid-up share capital to S$6,000,000.
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The investment is intended to boost Kingsmen Projects’ general working capital to support its operations, including architectural interiors, decorations, and museum projects.
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Funding for this investment came from Kingsmen Creatives’ internal resources.
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The investment will not have a material impact on the group’s earnings per share or net tangible assets per share for the financial year ending 31 December 2025.
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No directors or controlling shareholders have any interests in this transaction, except through their shareholdings.