Miyoshi Limited (SG:M03) has released an update.
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Miyoshi Limited has updated stakeholders on the reallocation of the net proceeds from its recent Rights Issue, opting to redirect funds towards repaying additional bank borrowings to save on financing costs. The move has fully utilized the re-allocated funds, leaving a balance earmarked for general working capital requirements. The Board believes this reallocation will be beneficial for the company and its shareholders.
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