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The latest update is out from Samko Timber Limited ( (SG:E6R) ).
Samko Timber Limited has successfully raised approximately S$18.5 million through a renounceable non-underwritten rights issue, after deducting related costs. The entire net proceeds have been allocated for general working capital purposes, indicating a strategic move to strengthen the company’s financial position and operational flexibility.
More about Samko Timber Limited
Samko Timber Limited, incorporated in Singapore, operates in the timber industry, focusing on the production and distribution of timber products. The company, along with its subsidiaries, serves various market segments with its timber offerings.
Current Market Cap: S$9.63M
Find detailed analytics on E6R stock on TipRanks’ Stock Analysis page.