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OxPay Financial Limited Updates on Convertible Loan Proceeds Utilization

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OxPay Financial Limited Updates on Convertible Loan Proceeds Utilization

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OxPay Financial Limited ( (SG:TVV) ) just unveiled an announcement.

OxPay Financial Limited announced an update on the utilization of net proceeds from a convertible loan facility of S$2,000,000, from which S$1,833,000 was raised after expenses. The company has allocated S$500,000 of these proceeds towards operating expenses and employee remuneration, aligning with its previously disclosed intentions. The board will continue to provide updates on the remaining funds’ usage, ensuring transparency and adherence to the stated purposes.

More about OxPay Financial Limited

OxPay Financial Limited, incorporated in Singapore, operates in the financial services industry. The company focuses on providing payment processing solutions and financial technology services, catering primarily to businesses seeking efficient and secure transaction processing.

Average Trading Volume: 1,900,146

Technical Sentiment Signal: Strong Sell

Current Market Cap: S$7.47M

For detailed information about TVV stock, go to TipRanks’ Stock Analysis page.

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