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OxPay Financial Limited ( (SG:TVV) ) has shared an update.
OxPay Financial Limited has fully utilised the approximately S$395,000 in net proceeds raised from a recent subscription of 35.41 million new ordinary shares, after deducting about S$29,000 in costs. The funds were deployed entirely as general working capital, with around 71.2% directed to employee remuneration and statutory contributions and 28.8% to operating expenses, aligning with the use of proceeds previously disclosed and underscoring the company’s reliance on equity funding to support day-to-day operations.
The most recent analyst rating on (SG:TVV) stock is a Hold with a S$0.06 price target. To see the full list of analyst forecasts on OxPay Financial Limited stock, see the SG:TVV Stock Forecast page.
More about OxPay Financial Limited
OxPay Financial Limited is a Singapore-incorporated company that, together with its subsidiaries, operates as a financial services group. The company raises capital through equity subscriptions to support its general working capital needs, including employee remuneration and operating expenses, as it continues to fund its ongoing business activities.
Average Trading Volume: 1,304,135
Technical Sentiment Signal: Hold
Current Market Cap: S$16.19M
Learn more about TVV stock on TipRanks’ Stock Analysis page.