GSH (DE:0J61) has released an update.
GSH Corporation Limited has fully utilized the S$83.48 million net proceeds from its recent Rights Issue, primarily for the redemption of outstanding bonds and the repayment of existing loans. The financial maneuver, completed in October 2024, adhered to the plans laid out in the original offer statement. Additionally, the company has updated the total value of transactions with a key interested person, Dr. Sam Goi, based on the audited financial statements for year-end 2023.
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