PT International Development Updates on Proceeds Allocation

PT International Development Corporation Limited (HK:0372) has released an update.

PT International Development Corporation Limited announced a supplemental update to its annual report, detailing the use of proceeds from a recent rights issue. The company utilized approximately HK$32.8 million of the HK$33.6 million raised for settling payments related to property and infrastructure acquisitions. The remaining balance will be redirected to working capital by March 2025.

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