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Intraco Ltd. ( (SG:I06) ) has provided an announcement.
Intraco Ltd. announced a reduction in its aggregate cost of investment in quoted securities from $10.5 million to $7.36 million, which also decreased the percentage of these investments over the company’s net tangible assets from 16.8% to 11.8%. Additionally, the company has extended approximately $12 million in short-term corporate loans to enhance cash yield, indicating a strategic shift in financial management to optimize returns.
More about Intraco Ltd.
Intraco Ltd. is a company incorporated in Singapore, operating with a focus on investments in quoted securities and corporate loans.
Average Trading Volume: 30,719
Technical Sentiment Signal: Buy
Current Market Cap: S$39.49M
For detailed information about I06 stock, go to TipRanks’ Stock Analysis page.