Olive Tree Estates Updates on Share Placement Funds

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

Olive Tree Estates Limited has announced the utilization of the net proceeds from its share placement exercise conducted on December 23, 2022. A significant portion has been allocated to debt servicing, while the remaining funds have been used for general working capital. The company assures that the usage of funds aligns with their previous disclosures and commits to providing periodic updates on the remaining proceeds.

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