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Sincap Group Ltd. ( (SG:XZB) ) has provided an update.
Sincap Group Limited, a company incorporated in Singapore, has provided an update on the use of net subscription proceeds from the issuance of 25,515,000 subscription shares. The proceeds, totaling SGD 750,000, were primarily used to set off temporary loans amounting to SGD 550,000, with the remaining SGD 200,000 allocated for corporate expenses, including professional and audit fees, sponsor fees, and other regulatory compliance costs. The announcement indicates a strategic financial management approach, ensuring that the company’s obligations and operational costs are met efficiently.
More about Sincap Group Ltd.
Technical Sentiment Signal: Sell
Current Market Cap: S$8.51M
For a thorough assessment of XZB stock, go to TipRanks’ Stock Analysis page.