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First Sponsor Group Ltd ( (SG:ADN) ) just unveiled an announcement.
First Sponsor Group Ltd has announced the utilization of approximately S$1.6 million from its rights issue proceeds to fund property development and holding projects in Europe, specifically in the Netherlands and Italy. The company has used these funds in line with its stated objectives, with S$124.4 million of the proceeds utilized to date, leaving S$118.8 million remaining for future projects.
More about First Sponsor Group Ltd
First Sponsor Group Ltd is a company incorporated in the Cayman Islands, operating in the real estate industry with a focus on property development and holding activities, particularly in Europe.
YTD Price Performance: -4.55%
Average Trading Volume: 6,502
Technical Sentiment Signal: Buy
Current Market Cap: S$1.19B
Learn more about ADN stock on TipRanks’ Stock Analysis page.