Tat Hong Equipment Service Co. Ltd. (HK:2153) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tat Hong Equipment Service Co., Ltd. has announced the launch of its third issue of commercial papers as digital securities, aiming to raise between SGD15 million and SGD20 million from accredited and institutional investors. These securities come with a 5.4% annual interest rate and a three-month maturity, with the proceeds intended for the working capital of the Group’s principal businesses. This strategic move highlights the company’s innovative approach to financing and commitment to leveraging digital platforms for its financial instruments.
For further insights into HK:2153 stock, check out TipRanks’ Stock Analysis page.