Sincap Group Ltd. (SG:5UN) has released an update.
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Sincap Group Limited has disclosed its financial status for May 2024, revealing a challenging position with net liabilities of RMB 11,049,000 after accounting for cash and cash equivalents, liabilities, and the month’s cash flow activities. Despite raising RMB 655,000 from borrowings, the company’s cash balance dipped to RMB 289,000 due to various expenses, indicating a tight cash position as it navigates through its financial obligations.
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