Sandmartin International Holdings Limited (HK:0482) has released an update.
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Sandmartin International Holdings Limited has fully utilized the HK$84.59 million net proceeds from its Rights Issue as of December 31, 2023, for loan repayment and general working capital. The funds were distributed to repay loans to AP Finance Limited and cover operational costs at both its Zhongshan production plant and Hong Kong headquarters. The Board has confirmed that this supplemental information complements the details provided in their 2023 Annual Report without affecting other reported contents.
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