Koh Brothers Eco Engineering Limited (SG:5HV) has released an update.
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Koh Brothers Eco Engineering Limited has fully utilized the net proceeds from its Subscription Shares, with 30% allocated to business expansion, specifically for acquiring technology and equipment, and 70% directed towards general working capital, including repayment of bank facilities and payments to suppliers and subcontractors. The company confirms that the use of funds aligns with the intended purposes as previously disclosed to shareholders.
For further insights into SG:5HV stock, check out TipRanks’ Stock Analysis page.
