Khoon Group Limited (HK:0924) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Khoon Group Limited has announced a reallocation of the remaining S$0.6 million of their net proceeds, originally intended for machinery and lorry acquisitions, towards financing upfront costs and working capital for new electrical engineering projects. This change reflects the Board’s strategic reconsideration in response to the current business climate and the company’s developmental needs. The Group expects to fully utilize the re-allocated funds by December 2024.
For further insights into HK:0924 stock, check out TipRanks’ Stock Analysis page.