Metech International Limited (SG:V3M) has released an update.
Metech International Limited has fully utilized the S$575,800 net proceeds from its recent share placement, with the funds being allocated to various general working capital purposes, including professional fees, employee benefits, office rentals, and miscellaneous expenses. The company’s usage aligns with their previously announced intentions and they are also exploring additional financing options through potential loans with a named individual.
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