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Autagco Ltd. Completes Allocation of Share Subscription Proceeds

Story Highlights
  • Autagco Ltd. has fully utilized the S$136,000 from its share subscription for business expansion and working capital.
  • Funds were used for leasing a new facility, marketing, and covering various operating expenses.
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Autagco Ltd. Completes Allocation of Share Subscription Proceeds

Lifebrandz Ltd. ( (SG:1D3) ) has provided an announcement.

Autagco Ltd., a company incorporated in Singapore, has provided an update on the use of proceeds from its share subscription. The company has fully utilized the S$136,000 raised for business expansion and general working capital. The funds were allocated towards leasing and renovating a new assisted living facility, marketing expenses, and supporting working capital for Communa Gold. Additionally, the funds covered professional fees, payroll, and other operating expenses, including those for overseas subsidiaries.

More about Lifebrandz Ltd.

Current Market Cap: S$7.82M

For detailed information about 1D3 stock, go to TipRanks’ Stock Analysis page.

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