Asiamedic Limited (SG:505) has released an update.
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AsiaMedic Limited has fully utilized the S$5 million from its January 2020 Rights Issue to reduce group indebtedness and has spent S$2.717 million on general corporate and working capital needs, with S$622,000 remaining for future strategic investments or acquisitions. The company has adhered to the planned allocation of net proceeds and promises to keep shareholders informed on any significant disbursements moving forward.
For further insights into SG:505 stock, check out TipRanks’ Stock Analysis page.