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OxPay Financial Limited ( (SG:TVV) ) has shared an announcement.
OxPay Financial Limited has provided an update on the deployment of net proceeds amounting to approximately S$963,000 raised from a recent subscription of 30,841,000 new ordinary shares. The funds were earmarked for general working capital needs across the group, supporting ongoing operations and financial obligations.
The company has so far utilised about S$513,000 of the net proceeds, channeling them into employee remuneration, bank loan repayment, gateway deposits and operating expenses in line with its stated plans. OxPay will continue to report on the use of the remaining balance through periodic announcements and future financial disclosures, offering shareholders visibility on capital allocation and liquidity management.
More about OxPay Financial Limited
OxPay Financial Limited is a Singapore-incorporated financial services group focused on payment solutions. The company provides payment gateway services and related financial technology offerings, positioning itself within the digital payments and fintech sector in its regional markets.
Average Trading Volume: 321,887
Technical Sentiment Signal: Sell
Current Market Cap: S$14.03M
Find detailed analytics on TVV stock on TipRanks’ Stock Analysis page.