SGX:5G1

3 stories mentioning SGX:5G1Updated just now

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Eurosports Global Completes Share Subscription Deal with Align Auto; Shares Jump 8%

Eurosports Global (SGX:5G1) completed the issuance and allotment of 26.5 million shares at SG$0.075 per share to Align Auto, according to a Wednesday filing with the Singapore Exchange.Shares of the dealer of ultra-luxury automobiles surged over 8% in Thursday trading.The new shares were listed and quoted on June 18, with trading commencing on the same day.Earlier, the company had agreed with Align Auto for a share subscription deal for proceeds totaling SG$2 million.

SGX:5G1

Asia7d ago

EuroSports Global's Scorpio Electric Secures Conditional Type Approval for Flagship E-Motorcycle

EuroSports Global's (SGX:5G1) subsidiary, Scorpio Electric, secured a conditional vehicle type approval from Singapore's Land Transport Authority (LTA) for Lambda Scorpii, its flagship smart electric motorcycle.The move clears a regulatory hurdle ahead of the product's commercial launch, according to a Thursday bourse filing.Based on the approval, the company will now focus on mass production and commercial deployment of the motorcycle after finalizing delivery timelines and test-ride bookings.The company is also working with the Singapore Civil Defence Force on emergency response protocols for high-performance EVs. Additionally, it is working on the 2027 anti-lock braking system regulations, the filing said.

SGX:5G1

Asia24d ago

EuroSports Global to Raise Nearly SG$2 Million Through Share Subscription; Shares Zoom 62%

EuroSports Global (SGX:5G1) is expecting to raise nearly SG$2 million through the subscription of 26.5 million shares by Align Auto at SG$0.075 per share, according to a Monday filing with the Singapore Exchange.Align Auto deals in the retail sale of motor vehicles.The subscription shares represent around 10% of the company's issued and paid-up share capital.The proposed subscription is aimed at improving the company's financial position.Shares of the luxury lifestyle company surged over 62% in Monday trading.

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