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Sincap Group Updates on Subscription Proceeds Utilization

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Sincap Group Updates on Subscription Proceeds Utilization

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Sincap Group Ltd. ( (SG:XZB) ) has shared an announcement.

Sincap Group Limited has provided an update on the use of net subscription proceeds from the issuance of 25,515,000 subscription shares. The proceeds, totaling SGD750,000, have been utilized as planned, with SGD550,000 set off against temporary loans and SGD200,000 used for corporate expenses, including professional fees and regulatory compliance costs.

More about Sincap Group Ltd.

Technical Sentiment Signal: Sell

Current Market Cap: S$8.51M

See more insights into XZB stock on TipRanks’ Stock Analysis page.

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