HG Metal Raises Funds for Working Capital

HG Metal Manufacturing Limited (SG:BTG) has released an update.

HG Metal Manufacturing Limited has successfully completed the placement of 25,059,406 new shares, raising S$6.89 million in net proceeds for general working capital after deducting placement-related expenses. The company confirms the funds have been utilised in line with previous announcements, with a balance of S$424,000 remaining as of the latest update. Regular updates on the use of funds will be provided in future financial reports and announcements.

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