First Sponsor Group Ltd (SG:ADN) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
First Sponsor Group Ltd has effectively allocated approximately S$36.9 million from the proceeds of warrant exercises, predominantly for funding property development in the PRC and the Netherlands, and partially for the company’s FY2023 final dividend payout. A remainder of S$0.9 million is held in cash for future use, aligning with the company’s stated intentions for the funds. Notably, a significant portion of the warrants from 2019 has expired, and many from 2020 remain unexercised.
For further insights into SG:ADN stock, check out TipRanks’ Stock Analysis page.