Olive Tree Estates Reveals Share Placement Proceeds Use

Olive Tree Estates Limited (SG:1H2) has released an update.

Olive Tree Estates Limited has announced the allocation of proceeds from its share placement exercise conducted in December 2022, with S$4,013,000 utilized for debt servicing and S$587,000 for general working capital, leaving a balance of S$2,281,000. The company assures stakeholders that the use of proceeds is in line with prior disclosures and will continue to provide updates on their financial utilization.

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