Standard Capital Markets Eyes Major Expansion: Board to Weigh Share and Convertible Securities Issue

Standard Capital Markets Limited (SCML) has stated that its Board of Directors will sit to discuss the issuance of shares and convertible securities. This follows the recent utilization of extra funds by the company towards its operations and successful non-convertible debentures issuance. The board meeting, which is set for the near future, will consider and approve the issuance of new equity shares and convertible securities to raise capital. This move is in line with SCML's business objectives of improving operational effectiveness, expanding capacity, and driving overall growth. Management of the company considers such a proposed issuance as one way of strengthening its position in the market and to create long-term value for customers and shareholders. 
Source: Standard Capital Markets Limited