Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Lincotrade & Associates Holdings Limited ( (SG:BFT) ) has shared an update.
Lincotrade & Associates Holdings Limited has fully utilised the S$2.109 million in net proceeds raised from its recent placement of 10 million new ordinary shares, after accounting for approximately S$91,000 in related expenses. The entire amount was deployed as general working capital, specifically to repay trade facilities previously used to pay suppliers and subcontractors, aligning with the intended use of funds and helping to strengthen the Group’s balance sheet and liquidity position by reducing short-term financing obligations.
More about Lincotrade & Associates Holdings Limited
Lincotrade & Associates Holdings Limited is a Singapore-incorporated company operating as a group that relies on trade facilities to support payments to suppliers and subcontractors, indicating a business model centered around project-based or contract-driven activities that require substantial working capital.
Average Trading Volume: 116,708
Technical Sentiment Signal: Buy
Current Market Cap: S$37.32M
See more insights into BFT stock on TipRanks’ Stock Analysis page.