Khong Guan Limited (SG:K03) has released an update.
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Khong Guan Limited has faced financial challenges despite recent revenue growth, with accumulated losses of $1.57 million and a 12% decrease in shareholders’ equity over the past five years. The company relies on equity financing, avoiding bank debts to mitigate financial risks, and focuses on optimizing its capital structure to enhance long-term shareholder value. The board continually evaluates the company’s financial performance and strategic initiatives to ensure returns exceed the cost of capital.
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