Grand Banks Yachts gets approval for shares listing

The shares are required to be placed out within seven market days.

The in-principle approval from the SGX-ST is for the listing of and quotation for 19,223,250 placement shares.

Grand Banks Yachts will update shareholders on completion of the placement and issuance and allotment of the placement shares to the subscribers.

The company said the SGX-ST's in-principle approval is not to be taken as an indication of the merits of the placement.

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