FBS Global Ltd. (NASDAQ:FBGL – Get Free Report) shares dropped 7% during trading on Friday . The stock traded as low as $0.85 and last traded at $0.93. Approximately 464,469 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,391,150 shares. The stock had previously closed at $1.00.
FBS Global Stock Down 7.0 %
About FBS Global
The predecessor of our principal operating company was incorporated on March 9, 1996 in Singapore under the name Finebuild Systems Pte Ltd. Pursuant to a restructuring that took effect on August 2, 2022, FBS Global Limited, an exempted company incorporated in the Cayman Islands, through its wholly owned subsidiary, Success Elite Developments Limited, a company incorporated in BVI, became the ultimate holding company of our current principal operating subsidiary referred to herein as FBS SG.
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