MoneyMax Financial Services Ltd. (SG:5WJ) has released an update.
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MoneyMax Financial Services Ltd. has addressed shareholder inquiries ahead of its AGM, explaining a strategic increase in their debt to capital ratio to 313% for FY2023, aimed at fueling expansion and maintaining working capital. The company is keeping an eye on leverage levels without setting a specific target ratio, considering market conditions and funding options. Additionally, questions about the directors’ advance interest rate, considered a related party transaction, were also discussed, though specific details were not disclosed in the summary.
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