FeesSafety
Pluang+

Megan Holdings closes $7.5M follow-on offering to fund aquaculture growth and acquisitions

Company Fundamentals
29 Oct 2026, 18:10 WIB
GlobeNewsWire
View Source
Bullish
Megan Holdings closes $7.5M follow-on offering to fund aquaculture growth and acquisitions

Megan Holdings Limited, a Malaysian aquaculture company, completed a $7.5 million follow-on public offering by selling 15 million Class A shares at $0.50 each. The funds raised will support business ventures, acquisitions, and general working capital to expand its aquaculture farm development and maintenance services. The offering was managed by Prime Number Capital and registered with the SEC. This capital raise aims to strengthen Megan's position in the shrimp farming industry in Malaysia and support ongoing projects like shrimp hatchery and farm developments.

Megan Holdings Limited's recent $7.5 million follow-on offering provides context for market activity. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 29, 2026 21:03 WIB: Among 83 priced US stocks, 27 rose and 56 fell. Notable movers include SQM at USD 56.73 with a -3.75% change, IAG at USD 16.64 down 3.70%, and SSRM at USD 28.59 down 3.67%.

More News

SportsTech Breakthrough Awards honor top innovations transforming athlete performance and fan engagement worldwide

SportsTech Breakthrough Awards honor top innovations transforming athlete performance and fan engagement worldwide

The inaugural SportsTech Breakthrough Awards recognized leading companies and technologies advancing sports technology globally. Winners span categories like athlete performance, wearables, AI analytics, fan engagement, and smart stadium solutions, h...

Bullish
2 hours ago
Industrial Control System Security Market to nearly double to $38.48B by 2031 with 16.5% CAGR

Industrial Control System Security Market to nearly double to $38.48B by 2031 with 16.5% CAGR

The global Industrial Control System (ICS) Security Market is projected to grow from $17.91 billion in 2026 to $38.48 billion by 2031, at a CAGR of 16.5%. This growth is driven by rising cyberattacks targeting critical infrastructure and the increasi...

Market News
Bullish
2 hours ago
AdvantageLumber.com launches free Sketch-A-Deck tool for easy deck design and instant material estimates

AdvantageLumber.com launches free Sketch-A-Deck tool for easy deck design and instant material estimates

AdvantageLumber.com has introduced Sketch-A-Deck, a free online software that simplifies deck design for homeowners and contractors. The tool allows users to draw custom deck layouts, attach them to their homes, and generate build-ready plans with de...

Others
Bullish
2 hours ago
Immunocore to present Phase 1 data on brenetafusp and KIMMTRAK combo for metastatic uveal melanoma at SITC 2026

Immunocore to present Phase 1 data on brenetafusp and KIMMTRAK combo for metastatic uveal melanoma at SITC 2026

Immunocore Holdings will present Phase 1/2 clinical trial data for brenetafusp alone and combined with KIMMTRAK in treating metastatic uveal melanoma at the 2026 Society for Immunotherapy of Cancer meeting. This trial evaluates safety and efficacy in...

Company Fundamentals
Bullish
3 hours ago
NCH performs US first tricuspid valve repair with PASCAL Precision system after FDA approval

NCH performs US first tricuspid valve repair with PASCAL Precision system after FDA approval

Naples Comprehensive Health (NCH) has completed the first tricuspid valve repair in the US using the PASCAL Precision system following FDA approval. This minimally invasive catheter-based procedure offers a new treatment option for patients with seve...

Market News
Bullish
3 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App