AP Rentals Holdings Ltd. (HK:1496) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
AP Rentals Holdings Limited has nearly exhausted the funds raised from its IPO, with 99.3% of the proceeds utilized and an update on the expected timeline for using the remaining 0.7%. The funds have been allocated as outlined in the company’s prospectus, with the majority spent on rental equipment investments, GPS system development, and transportation equipment. The company now anticipates an extended timeline to complete the improvements on its maintenance facility by March 2025.
For further insights into HK:1496 stock, check out TipRanks’ Stock Analysis page.