mDR Secures Whitewash Waiver for Major Shareholder in Rights Cum Warrants Issue

Tip Ranks
2026.02.08 14:12
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mDR Limited has proposed a renounceable non-underwritten rights cum warrants issue as part of a capital-raising exercise, with strong support from a major shareholder. The Securities Industry Council granted a whitewash waiver allowing the LZ Group to avoid a mandatory general offer, contingent on independent shareholder approval. The latest analyst rating for mDR Limited (SG:Y3D) is a Hold with a price target of S$0.07. The company operates in the technology and telecommunications sector and has a current market cap of S$58.66M.

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The latest update is out from mDR Limited ( (SG:Y3D) ).

mDR Limited has proposed a renounceable non-underwritten rights cum warrants issue as part of a capital-raising exercise, with an undertaking shareholder indicating strong support through a commitment to subscribe for his pro rata entitlements and to apply for up to 500,000,000 excess rights shares with warrants, subject to public float requirements. The Securities Industry Council has granted a whitewash waiver allowing the LZ Group to avoid making a mandatory general offer despite potentially increasing its stake through the rights issue and subsequent warrant exercises, provided that independent shareholders approve a separate whitewash resolution by poll and that the LZ Group and its concert parties abstain from voting and do not acquire additional shares outside the disclosed framework, a move that clarifies takeover obligations and provides regulatory certainty for the fundraising.

The most recent analyst rating on (SG:Y3D) stock is a Hold with a S$0.07 price target. To see the full list of analyst forecasts on mDR Limited stock, see the SG:Y3D Stock Forecast page.

More about mDR Limited

mDR Limited is a Singapore-incorporated company listed on the Singapore Exchange. The group operates within the broader technology and telecommunications-related sector, though the announcement focuses primarily on its capital-raising and shareholder structure rather than operating businesses or specific products and services.

Average Trading Volume: 242,976

Technical Sentiment Signal: Buy

Current Market Cap: S$58.66M

For a thorough assessment of Y3D stock, go to TipRanks’ Stock Analysis page.

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