Abundante Limited Reports on Share Placement Spending

Transit-Mixed Concrete Ltd (SG:570) has released an update.

Abundante Limited has updated stakeholders on the allocation of the S$4,813,000 net proceeds from their recent share placement, revealing that S$2,487,000 has been spent on expanding business operations, specifically on purchasing concrete pumping equipment, leaving a balance of S$743,000 for general working capital.

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