Khoon Group Limited (HK:0924) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Khoon Group Limited has announced a reallocation of the remaining S$0.6 million of their net proceeds, originally intended for machinery and lorry acquisitions, towards financing upfront costs and working capital for new electrical engineering projects. This change reflects the Board’s strategic reconsideration in response to the current business climate and the company’s developmental needs. The Group expects to fully utilize the re-allocated funds by December 2024.
For further insights into HK:0924 stock, check out TipRanks’ Stock Analysis page.