HG Metal Manufacturing Limited (SG:BTG) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into SG:BTG stock, check out TipRanks’ Stock Analysis page.