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ProsperCap Corporation ( (SG:PPC) ) has provided an update.
ProsperCap Corporation Limited announced the drawdown of a GBP 5 million loan under a Credit Facility Agreement to support its UK subsidiary, PPC Hospitality (UK) Company Limited. The funds will be used to meet capital, operational, and working capital needs. The company has executed a series of share subscriptions across its subsidiaries to efficiently transfer the funds, enhancing the capital structure of DTP Infinities Limited, DTP Infinities Corporation Limited, and DTP Hospitality Ltd. This strategic move is aimed at bolstering the company’s operational capabilities in the UK hospitality sector.
More about ProsperCap Corporation
ProsperCap Corporation Limited is a company incorporated in Singapore, operating in the financial services industry. It focuses on providing capital and financial solutions, with a particular emphasis on supporting its subsidiaries in various sectors, including hospitality.
Average Trading Volume: 89,550
Technical Sentiment Signal: Sell
Current Market Cap: S$128.5M
For detailed information about PPC stock, go to TipRanks’ Stock Analysis page.