Revez Corporation Ltd. (SG:RCU) has released an update.
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Assurance Healthcare Limited, previously known as Revez Corporation Ltd., has announced a re-allocation of S$755,000 from their net proceeds originally intended for acquisitions in their healthcare expansion to now bolster the general working capital of the group. The Board believes this strategic move will better support the group’s operations and is in the shareholders’ best interests. The company has committed to keeping shareholders updated on further net proceeds utilization and any significant changes to the planned use.
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