Serial Achieva Secures In-Principle Approval from Exchange to Issue Approximately 21 Million Subscription Shares

NewTimeSpace News: Serial Achieva announced on June 7 that it has obtained in-principle approval from Singapore Exchange to issue and allot 21,004,873 new ordinary shares pursuant to the previously signed subscription agreement.

NewTimeSpace News: On 7 June 2026, Serial Achieva Limited issued an announcement stating that it received the in-principle approval letter from Singapore Exchange on 5 June 2026 for the listing and quotation of the subscription shares. The company entered into a subscription agreement with UFCT Technology Co., Limited on 11 March 2026, under which it will issue 21,004,873 new ordinary shares to the counterparty.

The company stated that the in-principle approval does not constitute an endorsement of the subscription transaction, the subscription shares or the company itself. The listing and quotation of the shares will only be implemented after the company complies with the relevant listing requirements of the exchange.

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