Khong Guan Limited (SG:K03) has released an update.
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Khong Guan Limited has increased its investment in SGProtein Pte Ltd by participating in its Series A funding round, subscribing to additional shares worth S$900,000. Despite its increased shareholding, Khong Guan’s equity interest in SGProtein will decrease to 22.5% due to the enlarged share capital. This move underscores the company’s confidence in SGProtein’s innovative potential amid challenges in the plant-based protein sector.
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